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replied by guest
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on September 17, 2009
The interest rate on the debts is way higher than any interest you will be gaining through savings. By paying off your debt you are technically saving money in the long run.
I would take what you have, pay off the larger interest rates and as much as I can, but still put a bit into a cd or money market. But in order to do the money market/cd you need a substantial amount of money or it isn't really worth it.
Just pay the high debts. It will be better.