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Dont Save When You Are in Debt.
 Human beings are peculiar creatures. We don't always do whats right for us - rather, we do what feels best, and try to blank out any reasons why it might not be the best thing to do. Maybe that's the reason there are so many people who have both savings and debts.
Its a Matter of Psychology.
Yes, it feels better to save. Saving feels like you're building a base for your future, while paying off what you owe makes you feel like you're giving your cash into a hole. That money is for the kids education, or for doing up your house, or whatever else - and it's in an account pulling in a valuable rate of interest. What could be unreasonable about that? Lots, if you are in debt.
Dont Be Fooled.
There are about no savings accounts that will give you interest rates anywhere near as high as the ones credit cards take from you. Heres something to consider: if you have $10,000 in a savings account earning 5% per year and $5,000 on a credit card at an interest rate of 20% per year, how much cash do you have? After only five years, the answer is effectively zero - your owings would have grown to about $12,500, the equal amount that your savings are currently worth.
You might not believe it currently, but it actually is a great deal better to pay off your debts. If you utilised half your savings to pay off that debt, youd be in a much better position that it's really awesome. You avoid five years of compound interest on the debt, but you still get to hang on to $5,000 in your savings account, earning interest - after five years, that's around $6,380.
If youd still prefer to keep your savings intact rather than using them to pay off your debts, ask yourself this simple question: is your pride worth $6,380 of your familys money?
Consider Your Financial Health.
Once you have sufficient cash to pay off your debt, theres absolutely no earthly reason to keep it. Debt is for people who don't have the money, and have to borrow it. Debt costs money, and savings make money - you need as much of your finances as possible to be savings, not debts. If your savings account and credit card are with the same financial institution, then youre in effect paying for the privilege of borrowing your own money from them. Why would you do that?
There are more benefit's to paying off your debt using your own money. Youll be less stressed about your debts, and your credit report will show that you were able to pay everything back - getting you a much smaller interest rate if you should need to go into debt again.
I know it's never easy. You just need to be mindful that any money you've saved hasnt actually been saved at all. Its money you ought to have been spending rather than buying with a credit card. Yes, it feels much worse to spend money thinking that youre spending away your nest egg - but always remember that when you use a credit card to spend that same amount of money, youre spending away your future, plus interest. In any event, if you've got the debt, then those savings have already been spent - stop denying it to yourself.
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