Debt v savings

[Debtorsavings]

I'm in debt but it is less than my savings. I could clear my debt in a few days as savings are in premium bonds. This year I have won £25 pm on average. My debt is held on 0% interest credit cards for 10 months and 15 months.

Do I clear the credit cards? My repayments are high but there is no interest. My savings are earning me money but it is luck.

Each month I will struggle with high payments, but I'm scraping by. I've just gone back to work after a year's maternity and I am due my holiday pay backdated as I cannot take it (I'm fine with this!).

I know this might seem ridiculous but I don't want to clear the debt as it is "free" - although will use my backdated holiday pay to clear one card. Financial savvy people, what should I do?

@PineappleUpsideDownCake you are right. I think this is the first time I've been in debt and the first time I have had decent savings and I feel very conflicted (you are right about the mental impact too!). That's why I needed to "talk" it over. I used to live on the breadline each month and a lucky-break job change completely overhauled my life. It's hard to not worry about being in that position before - with my mum dropping off "too much shopping" because she knew I wouldn't accept the food otherwise.

I would do similarly to what HotSince63 described.

I'd take your debt and divide by the months left of 0% and make that payment each month taken out of your savings. That way, you clear the debt by the time the 0% ends and you keep some of your savings.