Jane needs to choose between going on a holiday or credit card debt
I have $5k of credit card debt (on a low rate card) but also want to go on holiday… Is that cool?
Debt such as credit card debt or personal loan debt can really eat away at your finances. The faster you pay it off, the less you actually end up paying in interest and therefore the more money in your pocket. The most financially responsible thing to do would be to pay off your credit card debt.
I've written a blog post with two strategies to do this here
here is a great article from Money Smart which may help also - https://www.moneysmart.gov.au/media/283411/cant-pay-your-debts.pdf