You are wasting your money if you have high interest rate debt. This is due to interest charges you are paying that will just keep building up until you are able to pay it off.
If you have never done so, I want you to add up how much in interest you are paying each day and each month towards all of your debt. I bet you will be shocked!
What you can do: Yes, there are strategic reasons to keep debt, but if you do not have a strategic reason, then paying it off is most likely your best bet as interest charges can be a waste of money.