Financial Planning
01-01-2019, 07:55 PM,
Financial Planning
Is it better to put my surplus of $1-200 / month into savings, or to pay off credit card debt?
I keep around $1000 in savings now. But I may have to use that for dental work.
They say to save around 40% of your income, but I can't do that much.

Would you pay your debts off before saving, or what ratio should I put between savings and paying off debt?

It will probably take me about 5 years to pay off my credit cards maxing the payment toward one at a time
if I put all my surplus toward just that. But then I won't be left with more than $1000 in savings.
And how much should I put towards retirement?
I'm 41 now.
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