Hey friend,
Let’s talk about a question I hear all the time: “Should I build up savings or pay off my credit cards first?”
I get it—saving feels safe. There’s comfort in having money set aside. But here’s the thing: when credit card debt is in the picture, paying it off needs to take the front seat. And here’s why:
1. Credit card interest eats your money alive.
Most credit cards carry sky-high interest rates—often 20% or more. That means every dollar sitting in savings (earning maybe 1–3%) is being crushed by interest you’re paying on debt. Knocking out those balances is like giving yourself a guaranteed return.
2. Debt steals your peace.
Carrying credit card debt is like carrying a backpack full of bricks. Even if you’ve got a little cushion in savings, that heavy load is still there. When you pay it down, you’re not just freeing up your finances—you’re freeing your mind and heart from the stress. God calls us to live in peace, not in constant worry about bills.
3. Paying off debt creates real freedom.
Every payment toward debt is money that can’t be used for your goals, your family, or your future. Once those cards are paid off, imagine what you could do: build up a strong emergency fund, save for a dream, or give generously. Freedom comes when your money works for you—not for the credit card company.
Friend, I’m not saying savings aren’t important—they absolutely are! But there’s an order to things. Knock out the credit cards first, and you’ll build savings on a foundation of freedom, not stress.
Remember: you don’t have to do it perfectly, you just have to start. One step at a time, with wisdom and perseverance, you’ll get there.
Cheering for you always,
Jenny
P.S. Have you tackled credit card debt before? Hit reply and share your story—I’d love to celebrate with you!
See you next week!
