trmoore87

trmoore87 t1_jaa01oj wrote

Start paying off the highest interest first, then the next highest, then the last card. What are the rates?

If you're paying interest at 25%, that is an emergency, and if you have an emergency fund, I would use it to pay off debt and then rebuild the emergency fund.

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trmoore87 t1_ja9s8oj wrote

No, it means they will contribute 5% regardless of what you do, and they will add another 3% to match.

You put in 0%? get 5%

You put in 3%, get 8%

You put in 1%, get 6%.

The normal terminology for the 5% they are putting in is "safe harbor".

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