Investing vs Paying Credit Card Debt

If you carry a balance on one or more credit cards, you’re not alone: according to the Federal Reserve, nearly half of American families do. And nearly half of American families also have some sort of bank savings accounts. If you have savings, should you use that money to pay off your credit cards?

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24 Comments

  1. Dohhhh…. that is so logical !

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  3. awsome stuff must say…

  4. lol his name is stacy hahaha

  5. are people really that retarded that they would have money laying around with a 15% credit debt?

  6. lol wow..well i got a system to get ppl out of debt

    hurryupcash(dot)com
    It’s how I receive money for me to spend and extra.
    You too, can receive up to $100-$3500 potential to your door daily.

  7. average american household has 4.5 credit cards or something.

  8. After I find a job, I will watch this video again. Thanks.

  9. wow!! as if we dont know this

  10. nevous8, that may be true, but those households don’t have $10,000 in cash laying around. This video is basically saying if you have a crapload of cash, pay off credit cards, pretty obvious.

  11. heeeyyy I’m a Rare American. Plastic free here.

    And yes people are dumb enough to not pay off there CC bills at the end of the month. last time I checked, IQ isn’t asked on a CC application. I suppose it should be.

  12. Way to go ganymedelV4, We run on cash and have plenty coming in. Don’t miss the plastic at all!

  13. The credit card is not bad. Remember that people get messed up when they don’t pay the bill in full. Many card issuers have cash rewards, discounts, etc. I would be a fool not to use a rebate thrown at me. Remember IF YOU DON’T HAVE THE MONEY DON’T SPEND IT.

  14. Do you need soda? No. Do you need cable? No. Do you need the internet? Maybe? Figure out what you don’t need and you’d be surprised at how much money you save.

  15. oh yea the card itself isn’t bad.

    It’s the people who give you the card that are the satans.

    Yes Yes I do need soda and a lan cable.

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  17. watch the movie or read the book

    ” MAXED OUT ”

    and then see if you still want to carry any credit cards ever again !

  18. Fix your your own credit, CreditEZ net

  19. Congress is bought and paid for by the banking lobby. They have just given BILLIONS of taxpayer dollars away to these big banks under the pretense that they should be kept solvent so they can LEND YOU MONEY. What sense does it make to GIVE them taxpayer money so that they can turn right around and LEND it back to you at INTEREST? Think about it.

    TAKE BACK YOUR MONEY AMERICA

    watch?v=SG0gcw6cqto
    .

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  21. Actually credit is not “real money” Its just monopoly money and you dont have to pay into the corrupt banking system of american enslavement,, most mainstream ppl just know about settlement but that a HUGE scam so i figured ide share this info about this amazing company who helped me get rid of my debt within a year and protected my assets(home,bank) from any liens or levy..their cost is dirt cheap..check them out debtcrisissolutions(dot)com or call the person directly who helped me 347-492-4014

  22. either way ur failed. if u wanna win, balance both

  23. Sorry folks, you have been had, peed on, scammed and lied to.
    WallStreet bailouts were rigged and a fraud, market manipulation
    high freqency trading, flash orders, naked short selling by:
    Goldman, JPM, Cit, MorgStanley, AIG, scum and frauds.
    The Fed, Comex, Govt Data: frauds. Your labor devalued to Zero,
    Pull your money out, walk away from your CC card debt.
    FICO scores are a fraud and to enslave you. Load up on silver bullion
    (in your hands), buy local mom and pop. Starve The Beast!

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