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re: Financial guidance for a friend of mine
Posted on 12/16/17 at 7:10 pm to indytiger
Posted on 12/16/17 at 7:10 pm to indytiger
When you say “has owned” her house, is she paying a mortgage or does she own outright?
What is her age?
Not a much she can do with the Camry except drive it to 250k miles and start sending a little extra to try and get back on the right side of the loan.
Start contributing to a Roth if possible.
Assuming credit cards have higher interest rates, pay towards those first.
Learn to live lean for a few years, cut the cord on cable, eat at home, pack leftovers to work. Identify where the majority of the money is going and see what can be cut back on.
What is her age?
Not a much she can do with the Camry except drive it to 250k miles and start sending a little extra to try and get back on the right side of the loan.
Start contributing to a Roth if possible.
Assuming credit cards have higher interest rates, pay towards those first.
Learn to live lean for a few years, cut the cord on cable, eat at home, pack leftovers to work. Identify where the majority of the money is going and see what can be cut back on.
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