taking the next step

iVillage Member
Registered: 04-22-2003
taking the next step
2
Wed, 12-15-2004 - 9:07pm

I have decided what to do with my earnings after my cc debt is gone, and all is left is paying a car loan. It came to me when I was peeling an orange after dinner.
I'm going to save up 3 months worth of income while at the same time using snowflakes on my car loan. Once I have the 3 months (which will actually be 4 b/c I already have 1 month saved up), I will increase my payment on my car loan and continue saving and investing the rest, whatever percentages I decide at that time.

Yayy..I have a plan. It's been driving me crazy trying to figure out where I should put my funds once my cc is paid.

slojuly

iVillage Member
Registered: 07-26-2004
Thu, 12-16-2004 - 10:13am

That sounds like a good plan :-)


These things come to us at strange times, don't they? lol


I think establishing a good savings account, and paying extra on the car loan is a good plan.

 

 

iVillage Member
Registered: 04-22-2003
Thu, 12-16-2004 - 11:02am

I've always heard you should have 3-6 months saved up of income just in case. So that is what I'm going to do. I have been wanting to do that for a couple of years now.

slojuly