What’s good in paying debts at once?

This will increase your savings, will open new investments opportunities, and will give you mental peace so that you can focus on other things as well.

Should I save money or pay debts?

You cannot save money without paying debts because whatever you save, you will ultimately pay it as installments and interest on your loans. So, if you want to save money, then you will have to clear your debts first.

Will my savings completely wipe out in paying debts?

Well, it depends on how much amount you have as debts. If you are saving money for a long time so after paying debts, you will have surplus savings in your account.