House update :-)
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House update :-)
| Tue, 04-18-2006 - 9:39pm |
Hey everyone! I've been MIA the last couple of weeks because we found a house so we have been preparing for the house.
| Tue, 04-18-2006 - 9:39pm |
Hey everyone! I've been MIA the last couple of weeks because we found a house so we have been preparing for the house.
YEAH!
Do you have a debt that has a low balance on it?
We have 2 credit cards left to pay with balances of about $4000 each.
lvhunnie2005
That sounds like a really good plan.
I would say pay off the card and then start making your payments to your savings to replenish your emergency fund. You will be saving more in interest that way. I ran the numbers-if you pay on the cc until december you will pay 250 in interest. you will earn WAY less than that in your savings account. So I would suggest do it in reverse..pay off the card and put hubbys ot into savings until it is back to your comfortable level.
Congrats on the house!! the coming months are going to be so much fun!! I love moving
Congrats! See, that first house wasn't meant to be. The first house we fell in love with got sold before we could put in our offer (it took a few days to get both sets of parents out to see it). The house we did buy and still live in is just as nice, was even better in some ways (2 car vs. 1 car garage), and was less expensive to boot! It all seems to be working out for the best for you. Good luck in the closing!
-Sarah
Sarah
Mom to Gina & Tony
Normally I would agree to pay off the cards...however, now that we have a mortgage, we need to be super careful about having money in savings.
lvhunnie2005
Hey if you & hubby are on the same page I stay stick with it...I would accept agreement on money matters and count it as a victory sometimes at my house;0) I agree if you will go into panic mode it is better to stay status quo...a little bit extra interest is worth it to save panice attacks!
Congrats on the house...you are moving in right in time to plant your heart out!