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Bill questions whether he should be paying his credit card in full every month, which he uses primarily for groceries and gas. That $500 average
Bill questions whether he should be paying his credit card in full every month, which he uses primarily for groceries and gas. That $500 average balance payment could otherwise increase his cash and retirement savings. He questions whether he should start making minimum payments on his credit card and allocate the remaining money toward his savings. What advice would you give Bill? How should he prioritize his cash savings, credit card debt, other debt, and retirement savings?
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