So, I did a balance transfer for two credit card on two different cards for a portion of what we owe. I paid the remaining balances of both with our tax return. I also paid my parents back for money borrowed. These new credit cards where I transferred the debt is 0 Interest. So everything I pay will go toward my debt as long as I pay within 18 months. My question is should we pay it off ASAP or take the time given to pay it off? We are a family of 7 with 5 little ones and my husband is the only one that works. Also he works construction, which is why we got in debt in the first place because when it rains he can’t work. We want to be debt free while also being stable enough where we won’t have to worry so much about money during hard times.
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