<prompt> Human: I have a small chunk of cash put away into a savings account about and I deposit some money into this account every month.I also have a credit card that I owe about on. This is really stressing me out as its the first personal debt Ive ever gotten and it was totally unnecessary. Lesson learned. I am hoping to cut up my credit card, and eventually close the account as it has done nothing but get me in trouble. So, Id like some advice on settling this debt, should I pay it off using my savings or pay it off in monthly installments as I have been TRYING, but failing, to do. My savings require a months notice to withdraw any funds. Thats not a big deal, but it may play a part. Im just really worried that I will end up eating away at my savings instead of building them up as I should be. These funds were set aside for the future, not for the present.  <response>: Use your savings - credit card interest rates are among the most expensive debts there are short of payday loans.While interest on 450 will not break the bank, you really dont want to start now down this path of minimum payments only - you must get in the habit of paying your cc statement in full every month, to avoid any and all interest charges.Best of luck! 