Efund question

Avatar for 2locachicas
iVillage Member
Registered: 05-14-2003
Efund question
4
Wed, 05-03-2006 - 8:39am

Okay. We have a fully funded efund plus more. All the $$ is in our efund because I just opened ING and have seperate accounts for all of it now. But the money in our efund IS our efund.

Well last month I had brain surgery. In the months leading up to that my mom died in a terrible, surprising way. The reason I am saying that is because since October we have been eating out/getting carryout ALOT. Mostly because I was in too much grief(she was my best friend), or in too much pain(my tumor was diagnosed solely on severe incapacitating daily migraines).

So my rewards card right now has a $500 balance. Which is really not bad considering there are 5 people in the family and I have been driving all over the earth for follow ups with copays & gas & the hospital is over an hour away.

So I want y'alls advice. Do I pull it from the efund...I wouldn't have to take anything from the mandated $1000 to pay it off. Or do I suck it up and blow my snowflake for a couple of months to pay it off?

Thanks for the advice!! I can't even think straight about this right now.

iVillage Member
Registered: 01-06-2005
Wed, 05-03-2006 - 9:14am

What is the interest rate on your card?

 

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Avatar for 2locachicas
iVillage Member
Registered: 05-14-2003
Wed, 05-03-2006 - 10:06am
I am not really sure because we have only paid interest on it 1 other time. I think it is high. Like 12%. I have a return I am doing that is $50s but with gas prices so high I am waiting until my travels bring me over that way.
iVillage Member
Registered: 03-27-2003
Wed, 05-03-2006 - 10:20am

I would say pay it off, especially if that would still leave you with $1000 in the fund. It would be one less thing to think about, and it sounds like you have had more than your share to think about lately.

I'm sorry about the loss of your mom and your health problems. What a difficult thing to have to go through.

Heather

Avatar for endomagazine
iVillage Member
Registered: 11-09-2004
Thu, 05-04-2006 - 2:52pm

Hello,


If you can pay it off while still keeping your $1000 small emergency fund and make a commitment to yourself to send future snowballs to *refill* the efund, go ahead!


Sincerely,
Lindsey Schocke

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