Well, today is humpday. I am so glad. I sure didn't want to get out of bed this morning. It was so nice and toasty warm! It is raining too, which didn't help my motivation too much. It briefly turned to snow but now it is back to rain.
I took out some hamburger last night to make a hamburger helper meal($1 at DG). I have probably 5 more packages of hamburger meat in the freezer. That is part of what I am going to try to get rid of.
I have a question for you guys...in theory, I am going to be able to put $300/month toward my debt starting next month. Should I pay of a credit card, put the money toward my car loan, or put the money into my emergency fund(which is almost non-existent)? I am torn about the best use of the money. What do you think?
Wednesday and a Question
January 26th, 2011 at 04:22 pm
January 26th, 2011 at 04:54 pm 1296060841
If you put the money in the EF, will it stay there in case of Emergency or is it likely to be spent for non-emergency expenses? Your sidebar says you were going to pay off your CC's then build your EF.
Might I suggest 50% Debt and 50% Emergency Fund until you are comfortable with the level of your EF then apply all the extra to CC and the Car.
January 26th, 2011 at 06:31 pm 1296066709
I've read your posts for awhile. I think you might find more power in paying off the debt. You are doing a great job of not incurrring new debt. You might increase your spending amounts slightly, too. It seems you are often a little short of funds, which seems that it might mean you are squeezing things to tight. Please don't take offense. I do the same thing!
January 26th, 2011 at 06:35 pm 1296066917
CA...you do ask some good questions. I am not sure of the interest rate on the cc or loan, but know that they are above 20% due to my crappy credit score, which I am working on. I think it is wise to pay off the debt and then start increasing my EF.
January 28th, 2011 at 03:08 pm 1296227290
January 29th, 2011 at 11:50 pm 1296345019