Oh you are paying
so much more than $40 a year for that EJ account.
Edward Jones is terrible. Just... so so so terrible. They train their reps to smarm their way into your life, then act like it's all "oh buddy, I'm here for you, I'm your friend!" all the while using insanely high fee funds and charging tons of fees (hint: they use the good buddy shtick to fool people into not noticing they have their hand in your wallet, and it's harder to say no to a "friend" than if it was a strictly business relationship - just a terrible business practice and again - THIS IS THEIR BUSINESS MODEL). So yeah, keeping that money there is just a bad move. You'll see your money perform pretty poorly overall compared to someplace like Vanguard since they have high load fees, operating fees, buy/sell fees and they don't want you to do anything without them controlling everything and they'll always ALWAYS have a reason why, and play on the "friendship" and tell you you're too stupid (but nicely) and use scare tactics if you get too pushy with the questions. They want you ignorant and scared of investing, so they can make money off you.
So.
First, education. Reading and asking questions here and places like Bogleheads is fantastic. Most everyone out there would be doing really well becoming an index investor using a 2-4 fund portfolio that basically manages itself. You don't need 20+ funds, you don't need to have some "expert" buying and selling your funds every other day, you don't need to obsess over the market's ups and downs. It really is simple, as soon as you peel away all the noise and the "experts" like the jerks at EJ telling you it's too scary and complicated and they're your buddy and friend and looking out for you (um, yeah, for a quite ridiculous fee and not that great performing funds that they'll pop in and out of like a demented hokey pokey with your money... all the while charging you for each "shake it all about" they pull).
Read Jim Collins' book or stock series. Solid gold and easy and entertaining.
After that, check out the Bogleheads' Wiki and review how you'd like to invest, write up an investment policy statement and figure out your asset allocation.
Then put in a transfer to move your money over to someplace like Vanguard, Fidelity or Schwab (all great companies that offer decent index funds and no nasty fees). Once the funds move over (and after the EJ reps hit you with transfer fees, closing fees, boo-hoo we're pissed off at you wising up fees...) you'll be free to invest your money as you wish and it will be pretty simple after that.
http://jlcollinsnh.com/stock-series/https://www.bogleheads.org/wiki/Main_Pagehttps://www.bogleheads.org/wiki/Bogleheads%C2%AE_investing_start-up_kit^covers how to write an IPS, asset allocations, and all that fun stuff!
But most of all, ask questions when you run into things you need help with. But not of the EJ reps... they want your money to stay right where it is, so they're biased. Folks on here or the Bogleheads site are going to give you good information to the best of their ability.
As far as the other stuff... pay off that card if the interest rate is higher than 5%. Stop charging things if you can't pay it off in full. Get an emergency fund in place. Start tracking your spending and income for reals: check out You Need A Budget or Mint or use an Excel or even paper if you're into that, but every penny spent and every penny earned needs to be logged so you can get a better picture of what you're focus should be for debt/income/saving/future stuff. (but most of this is covered in the Collins series).
Good luck!