Need some advice. I currently have 3 loans accruing interest.
Loans
Mortgage $141,236.78 4.00%
Student Loan $12,854.99 2.82% Variable
Citi CC $13,164.31 1.99% until 8/18
I also have 2 accounts that have no interest but due in a year.
Solar $8,243.50 Balance Due 10/22/2018
B of A CC $7,851.00 0% until 8/18
I do have the savings to payoff the Citi CC, B of A CC, and Solar loan, but would wipe it out. I am in the process of suing my previous employer for discrimination. I need to have easy access to cash for this. The money on the CC are from legal fees.
My original plan was to start throwing all my extra money on the student loan to payoff next. That would take 12-18 months.
Mentally I want to payoff debt, but I am wondering if I should be saving to be sure I do not wipe out cash savings when these come due a year from now.
Any thoughts are appreciated.
Thanks!