<prompt> Human: Hey guys Long time fan and lurker. I was hoping you could all guide me onto moving towards the next step by including my finances. Debt: 2,500 16 with chase freedomSavings: 7,000Checking: approx 200 a weekI also have an AMEX gold and AMEX blue preferred with zero balances. Its taken me quite awhile to build up a decent savings I currently earn 20 an hour doing admin work for a small business. What now? Should I just pay down my CC debt in one sum and rebuild my savingsEM fund? Would appreciate your guys advice Thanks everyone!Assistant: Yes. Pay off that high interest debt. You really dont want to throw away 35 a month for no reason, right?Human: No but I dont exactly want to lose 2500 in one shot either...as much as it makes sense to. Assistant: Youre not losing 2500. Its money you already spent and now owe to the bank. Its not your money. Youre going to have to pay it back eventually anyway, better to do it now and essentially get a 16 return since you wont be paying that interest.Human: Well put. And Im not disagreeing with you or the helpful poster above. I guess my question is should it be a lump ski or should I pay it down 600 a month. I am so finished with credit cards...  <response>: Lump sum, imo. No reason to draw it out if youre able to pay it off now. Plus 4,500 is still a decent emergency fund, so its not like youll be wiping out your savings. 