Friday, May 10, 2013

Decisions, decisions

We have an extra car right now that we put up for sale this week and it looks like it's going to sell today. We also found out that JC will be receiving some financial aid that wasn't expected, so between those two things, we should be coming into around $5000 in the next few month.

Now we need a plan as to what to do with this money. Our credit cards sit at around $6700, we could pay all of them off except for the 0% interest Care Credit and would not be paying anymore interest to credit cards! That is what I am leaning towards doing.

We also owe around $4500 on JC's vehicle, so we could either pay off all high interest credit cards or JC's car.

What I am afraid of is indulging and whittling this money away until there isn't much left to do anything with.

Wouldn't it be nice to stop paying interest in one swoop!?!

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