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re: Coming into a small inheritance.. what to do with it? UpDated
Posted on 11/30/14 at 11:25 am to Double Oh
Posted on 11/30/14 at 11:25 am to Double Oh
quote:No that is credit card + vehicle and my main debt is student loans which I am not overly concerned with.
if your 16K in credit card debt i would say you probably dont have one.
I currently have a 401k through my employer which I put money in each pay period and set aside 5%-10% of my check into a savings/emergency account. That account is what I use to pay for school/vacations/or any emergency currently.
1
Posted on 11/30/14 at 12:08 pm to tduecen
Do you have a 6 month emergency fund? That is where I would start after you paid off cc debt. Then Roth/ 401k.
You've Likely already paid most of your interest on the vehicle (depending on how long you've had it). They put most of the interest on the front end so that may not be the best way to use your money but the peace of mind maybe worth it to you.
You've Likely already paid most of your interest on the vehicle (depending on how long you've had it). They put most of the interest on the front end so that may not be the best way to use your money but the peace of mind maybe worth it to you.
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