<prompt> Human: Hi all. I have about 12k in cc debt and about 60k in liquid savings. I lost my job a month ago and prospectsthe market is not looking good. My Wife pulls in about 5k a month and we have a 4 month old. Between my savings and her income we can cover our expenses and anything that pops up with the kid. Should I dip into my savings and pay off the cc debt? I pay about 150 per month in fees. The way I see it is i would rather stop using the card and pay it off slowly so I can have liquidity in case of emergencies. Other people say its better to stop using the card and pay off the balance. What are your thoughts?  <response>: Pay off the credit card. Youre losing money keeping it. If you even exhaust the 48K left, youll still have the credit limit for another emergency fund.Of course, youre not supposed to use credit cards as emergency funds, but you still have that 48K in savings.You could also do a credit card balance transfer.Chase Slate 0 transfer fee 0 APR for 15 monthsCiti Simplicity or Diamond Preferred 3 transfer fee 0 APR for 21 monthsBankAmericard by Bank of America 3 transfer fee 0 APR for 18 monthsSlowly pay off your credit card using your savings all while you look for a job. Dont add more debt to the credit cards. If you were able to transfer 12K with a 3 fee, youll have 12,360 in debt transferred. Do your math to ensure you pay off your debt by the end of the promotional period. 