<prompt> Human: Hi Reddit! Looking for some advice here. My boyfriend 25 and I 23F have saved up about 60K over the last few years. We both have good jobs and 401Ks that I know we contribute a good amount to, but were honestly not too sure how those work long term... We have no clue about finances other than that we should save, save, save- which we do. My coworker mentioned something about diversifying and protecting his money. That got me thinking.. How on earth could we protect our money more than keeping it in a savings account? Are there dangers or setbacks in leaving there?Some details: - We rent a condo; we havent bought a home because we are unsure of where we want to do so.- No auto or other loan payments, maybe 1K in credit card debt collectively. We pay on our cards on time, over the minimum, to help our credit scores which are very good.EDIT: We keep this balance on average dispersed between 4 cards that we pay off almost or entirely every month. Sometimes its less. We use the cards do gas, groceries, and other large purchases.. So basically, for everything.- We have a 1 year old and our only significant expense other than rent is daycare for him.EDIT: We are getting married in September of this year, which is running us about 14K total.Im not a fan of risk, so stock market stuff doesnt seem like the best idea.. Do I need to be doing anything differently? What could benefit us in this situation?Thank you!EDIT EDIT EDIT: Haha, OKAY CREDIT CARD ADVISORS- comprendo! I paid off the credit cards on my lunch break today! Assistant: Just one comment that I dont believe anyone has mentioned:Is your credit card debt a promotional 0 rate? If not, why on earth do you carry a credit card balance of 1k when you could easily pay it off? Even if it is 0, be very careful about accidentally missing a payment and triggering a huge penalty fee.Human: Okay, I need to go back and edit this, but heres the breakdown of that: we each have two credit cards, carrying anywhere from 100-250 balance on each. We pay them off at least half usually fully then use them again for gas or large grocery purchases. We were told this is good for our credit- to actively use the cards and pay them almost or entirely off and continue repeating the cycle. Is this not okay? Our interest rates are pretty decent I think, 4-5. The highest one is 9 and thats the one I always pay off every month.  <response>: we each have two credit cards, carrying anywhere from 100-250 balance on each. We pay them off at least half usually fully then use them again for gas or large grocery purchases. We were told this is good for our credit- to actively use the cards and pay them almost or entirely off and continue repeating the cycle.You have been misinformed. The best thing you can do for your finances is to pay the balance due on-time, every single time. All youre doing is giving money to the credit companies that you could be saving and investing for your own needs.The difference between the balance due and the current balance confuses a lot of people I know it did me when I first started regularly using a credit card, so let me briefly explain:Credit cards generally provide a grace period of about 20 days following the closing of the billing period. You have until the end of the 20 days to pay the balance in full as it was at the end of the billing period to avoid any interest charges.For example, lets say your billing period is June 9th through July 8th. You had a 0 starting balance, and during that timeframe, you charged 500 in groceries and gas. You have until July 29th to pay the 500 in full without any penalty and interest. However, you continue using the credit card in the days after July 8th, and by the time you log into your online portal to pay on July 25th, you have accumulated an additional 300 in grocery charges. The total amount of charges on your card totals 800, but only 500 is due by the 29th. The additional 300 will be included in the next months billing period, and wont be due until late August.Let me know if that doesnt make sense. 