Credit card debt first!
My clients will often ask me how to spend a sudden windfall. Bonus at work, stimulus check, any “extra” cash they weren’t counting on.
I will usually advise them to pay off credit card debt.
More than 45% of families report having a balance since their last payment.
If you have the money, get rid of your debt.
Watch that ever-growing interest rate slide down the drain… aaah, that feels good.