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re: Tips for paying off debt?
Posted on 6/25/15 at 8:33 am to notsince98
Posted on 6/25/15 at 8:33 am to notsince98
quote:I'm not sure I follow. Where are you earning interest?
Earn interest instead of costing you much more in interest.
quote:
That cash is taking care of the issue/problem. Putting it on a credit card is delaying and enlarging that problem. Am I wrong?
I don't follow this either. If you're truly committed to paying off the CC, it would make sense to save yourself hundreds of dollars in interest by applying that $2,500 towards the debt. If you pay down that CC with the $2,500 and look at that newly available credit as more spending ability, then you're F'ed either way. It's just a matter of when.
This post was edited on 6/25/15 at 8:34 am
1
Posted on 6/25/15 at 9:04 am to LSUAfro
I see what you're saying now. Don't even establish the e fund to begin with...just put it all on the cc.
Maybe it's just psychological.
Maybe it's just psychological.
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