It is generally recommended to pay off credit card debt before saving for other goals. This is because most credit cards have a high interest rate and will charge you extra money on any amount that you do not pay off by the due date. Given the high interest rate, it can snowball and become more difficult to pay off the longer you wait.

If you have multiple credit cards, one strategy is to prioritize paying off the card with the highest interest rate first, while making the minimum payments on the other cards.

Another strategy is to determine if you can transfer the balance of the credit card with the higher interest to a credit card with lower interest so you can pay it off faster.

Once your credit card debt is paid off, you can start focusing on saving for other goals such as buying a house, starting a family, or saving for retirement.

Your Domain Advisor can help you establish a plan for budgeting and paying off credit card debt, so that you can move on to your other goals as quickly as possible!