Author Topic: Halp  (Read 4371 times)

Warlord1986

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Halp
« on: September 15, 2016, 04:47:06 PM »
Alrighty. Let's do this.

The background: 30 years old, in a job I hate. Looking to move soon and will have moving costs.

The debt: $7,987.
Interest on debt:1.49%

The income: <$43,000

The savings:
Savings account: $3,027
Checking: $1,473

The investments (all with USAA):
Roth IRA: $22,021
Mutual funds: $18,041

The windfall: $1,527

My question is: should I put that windfall towards the debt, into the investments, or into my savings, or should I split it between them? 

HumanAfterAll

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Re: Halp
« Reply #1 on: September 15, 2016, 04:56:59 PM »
Savings account to cover emergency fund and upcoming moving costs.  The interest rate on your debt is very low, pay that off last.

Good luck!

2buttons

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Re: Halp
« Reply #2 on: September 15, 2016, 04:59:01 PM »
Agreed. You know have $4,554 in savings.

KarefulKactus15

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Re: Halp
« Reply #3 on: September 17, 2016, 12:29:10 PM »
If I remember correctly, you live in the same part of the world as me. But that could be another user. . .

Like another user said, I would attack the low interest debt last.


Best of luck with the move!


Warlord1986

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Re: Halp
« Reply #4 on: September 17, 2016, 02:38:49 PM »
I live about an hour from Greenville, yes. And the move hasn't been finalized. :/ I'm on a hunt for a new job in a new city, but I'm running into the problem where they won't hire me if I don't live there, but I'm hesitant about moving without a job in hand. Basically, I have doubts.

I might have to bite the bullet and just move somewhere.

Sibley

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Re: Halp
« Reply #5 on: September 18, 2016, 11:54:44 AM »
You need liquidity right now. You can always put extra cash into investments later.