<prompt> Human: I just got married at the beginning of the month. My wife and I received about 11,000 in monetary gifts. We opened a joint savings account with a 0.99 interest rate, and for now, thats where the money is hanging out. In paying for the wedding and honeymoon we both accumulated about 5,000 in credit card debt and both of our cards have around a 12 interest rate. We each make payments of about 500month toward the debt.I love that we finally have a good chunk of dough in savings, but I cant shake the feeling that we would be better off depleting it to pay off the debt, then building savings back up. Historically we really, just me are terrible at saving. Any advice on the best use of these savings? Thanks so much in advance!  <response>: Paying off that debt is a guaranteed 12 rate of return. Do it. 