I’ll be getting a bonus at work of about $ 7,500. I have about $ 10,000 in credit card debt and that bonus could help wipe out a lot of that. However, my job is ending this year and I don’t have any savings to support me until I find another job. Three months worth of expenses would be about $ 9,500 and the bonus would help out a lot. Like a lot of people, I live check to check so there’s really not much I can save at the end of each month. I can take that bonus and knock out some of my high interest-earning debt or take that bonus and put it in savings to support me when my job ends. My hope is that I will be able to get another job immediately but it took me almost two months to get the one I have. Would you save the money or pay off the debt?
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