Hello all. So fiance will be attending her next semester in August. She will be receiving around $4000 in financial aid. In the past year, our household expenses were put on my credit card. Roughly $2600. I wanted to ask her if she could throw $2600 and annihilate the debt, saving us $50-$60 in interest fees every month. A friend of mine said I should ask for half, but that still leaves money each month going to interest rates on the card.
My thoughts were that by wiping out the debt, we could save all that money that normally goes into interest and put it away.
What are your thoughts?
My thoughts were that by wiping out the debt, we could save all that money that normally goes into interest and put it away.
What are your thoughts?
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