Should You Pay Off Your Credit Card Right Now or Save? – Episode 357

What should you do when you have credit card bills at this unbelievable time: pay your bills or not? Listen to Kim and Spencer’s insights.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at we*****@Pr****************.com and we may answer it in an upcoming episode.

Links and Resources from this Episode


Show Notes

  • Pay off debt? – 0:52
  • Lower your credit limit – 1:30
  • Saving money – 2:08
  • Savings is more important right now – 2:19
  • Keep extra cash in the bank – 2:44
  • Thinking with a prosperous mindset – 3:46
  • At what point does it make sense to pay off credit cards? – 4:59
  • Credit card interest rates – 5:44
  • The importance of having savings – 6:35
  • Handling emergencies – 7:12
  • What we should do right now – 7:50
  • The amount of credit scores – 9:07
  • Your financial balance sheet – 11:02

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