>Have $10,000 dollers
>$6,298 in credit card debt
how much of the $10,00 should I use on credit card debt and how should invest?
thnx
All of it. Unless you think your investments will grant you more than 19.99% ROI, in this case, none of it, except minimum payment of course.
Pay debnts
>>1445203
Why even have a credit card just use debit if you are a MORON
all of it
also why are you using credit cards? the only thing they are to be used for is to build a credit score
If you have the cash to spare, all of it. Knocking out the interest alone will save you money in the long run - and starting with 4K to invest with is a decent amount of capital, too
All of it.
And if you didn't know that right away, then you'll fall for the dumbest investment suggestion given to you in this thread and disregard any good ones.
>>1445197
none of it and buy bitcoin m8
>>1445223
20% roi is insane. I would be able to live like a king forever off just interests with that.
>>1445208
to buy things I need
>>1445234
use cash you dip, or debit
the interest alone
>>1445239
but I dont always have cash
wat is debit?
>>1445289
Debit is a card that ties directly to a checking account. When you put your $20 purchase on a debit card, it comes right out of your checking account at the bank. This is different than a credit card, where your $20 purchase goes to the credit card company, who then asks for repayment at the end of your billing cycle and charges interest on the amount if you decide not to. You need money in your account for your debit card to work, but other than that it's a complete replacement for carrying cash.
>>1445197
All of it
Either right now, or apply for a card with a 0% APR balance transfer promo, and pay it off before the promo ends.
I suggest you just pay the entire balance right now, since you have the cash.
>>1445313
hmmmm
why didnt I know about thus
>>1445383
Because you're a fucking underage retard
>>1445197
>I have high interest debt
>and money to pay it off with
>What do I do?
What the fuck do you think? You don't have $10k by the way, you have $3702 (decreasing).
Always pay your debts first. Don't even get into it unless it's for a house or business. Don't buy your fucking car on debt, and for god's sake don't use credit cards to actually get you into debt.
>>1445395
I think he's american. They typically use credit cards with reckless abandon. It's so that when they buy lots of milkshakes, Big Macs and lard, they don't have to face each individual bill as it comes in but rather gets one big big blurb at the end of the month. Much more convenient than having 23 receipts from each of those fast-food joints. They have quite a lot of them, you know.
>>1445197
Pay off the debt dammit
Invest when you have more space in your economy
>>1445197
Are people really this retarded? This has to be a troll right?
>>1445461
BAITTT!!!
>>1445197
invest in some glasses so you can read how stupid you sound
buy a used car for 16,000 dollars.
>>1445197
This is a simple mathematical question. How much is the interest of your credit card? Let's say it's 25 %. Will you be able to invest and make at least 25 %?
If the answer is no, which is is, then you should pay off your credit card.
>>1445407
Too much hurr, not enough durrr
>>1445197
what's the worse thing that could happen if you dont pay it?
>>1448901
not good at math