<prompt> Human: If you have a very small amount of credit card debt, but you are also not growing a savings account, is it better to pay off the debt completely first and then move on to growing a savings account, or can you do both at the same time and take a little more time to pay off the debt? I am anxious to start growing my savings account because the sooner I start doing that the sooner I can start to invest money, and the sooner I can start compounding interest on a balance. Does that projected growth make it okay for me to take a little longer to pay off debt?  <response>: Paying down revolving debt credit cards is essentially saving at a compounded interest rate. 