- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
kid starting kindergarden in 4 weeks
Posted on 7/22/14 at 7:17 am
Posted on 7/22/14 at 7:17 am
no more daycare at $800 a month(trust me, I know, save it). new afterschool program will run $200 so basically im getting a $600 raise.
would you just put that in the bank, invest it, or what I want which is pay down our 1 year old SUV. still owe 22k and we pay $600 a month on it even though the payment is $507. I suggested to the wife us move that to 1k a month and pay it off in the next two years and have no car or CC debt. BTW our interest is 2.9%
thoughts?
would you just put that in the bank, invest it, or what I want which is pay down our 1 year old SUV. still owe 22k and we pay $600 a month on it even though the payment is $507. I suggested to the wife us move that to 1k a month and pay it off in the next two years and have no car or CC debt. BTW our interest is 2.9%
thoughts?
4
Posted on 7/22/14 at 7:24 am to dallastiger55
quote:
kid starting kindergarden in 4 weeks
Me too!
quote:
no more daycare at $800 a month
Not me.
As for your question, Why not do a combination? Without knowing your savings, investments, etc., why not put $200 toward the SUV, $200 to savings, and $200 to a Roth?
Posted on 7/22/14 at 7:43 am to dallastiger55
After you pay off the CC debt put some of it in a 529 plan.
Posted on 7/22/14 at 8:49 am to dallastiger55
quote:Perhaps you need a refresher semester....
kindergarden
*kingergarten
Posted on 7/23/14 at 10:36 am to dallastiger55
My experience with two kids that are elementary and middle school age is even though you're getting a "raise" with no more daycare, most of that extra money will get nickel and dimed through extracurriculars, sports, and other expenses. We saw a slight more residual income at the end of the month once our kids left daycare, but it wasn't as much as I thought it would be. Seems the kids are bringing something home every week from school asking for money for this or that. That stuff adds up.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News