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christy
Mommy of 2
Member since 5/05 6787 total posts
Name:
Christy
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financial advice
I got a decent raise this school year, and have another raise coming next month. I am trying to decide if it is better to send more money to the credit cards each month, or add more to my savings account? What would you do? I already pay more than the minimum amounts due on my cards.
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Posted 11/13/05 1:06 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
-Lisa-
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Member since 5/05 6530 total posts
Name:
Lisa
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Re: financial advice
I'd say getting your credit cards paid off should be your priority. Otherwise your paying more in interest than you'd be earning in a savings account.
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| Posted 11/13/05 1:07 PM |
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christy
Mommy of 2
Member since 5/05 6787 total posts
Name:
Christy
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Re: financial advice
That makes sense to me!
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| Posted 11/13/05 1:08 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: financial advice
Posted by -Lisa-
I'd say getting your credit cards paid off should be your priority. Otherwise your paying more in interest than you'd be earning in a savings account.
I agree.
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| Posted 11/13/05 1:11 PM |
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JodiBabe
Married for 9 yrs!!!!!!
Member since 5/05 6672 total posts
Name:
Jodi
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Re: financial advice
Posted by -Lisa-
I'd say getting your credit cards paid off should be your priority. Otherwise your paying more in interest than you'd be earning in a savings account.
I agree
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| Posted 11/13/05 1:13 PM |
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beachgirl13
Mommy to 3 boys!
Member since 5/05 4114 total posts
Name:
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Re: financial advice
definitely pay off the credit cards
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| Posted 11/13/05 1:16 PM |
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ggt08
;)
Member since 5/05 5208 total posts
Name:
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Re: financial advice
christy- i always ask myself that same question... should I put it in savings or pay off the cc and send more in. As much as I want to add to my savings, I am trying to pay more a month so I can get the cc down and eventually have nothing left so I can save.. Good Luck!
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| Posted 11/13/05 1:26 PM |
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Palebride
I am an amazing bakist
Member since 5/05 13673 total posts
Name:
Lori
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Re: financial advice
Christy - pay off the credit cards as quickly as you can!
When we finally settled our contract this year and got our retro checks, that was the first thing I paid off. So now we have no cc debt, our couches are paid off and all we have left are car and mortgage loans, so we can put the rest towards savings! 
Good luck - and congratulations on your raise!!
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| Posted 11/13/05 1:43 PM |
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christy
Mommy of 2
Member since 5/05 6787 total posts
Name:
Christy
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Re: financial advice
Posted by Palebride
Christy - pay off the credit cards as quickly as you can!
When we finally settled our contract this year and got our retro checks, that was the first thing I paid off. So now we have no cc debt, our couches are paid off and all we have left are car and mortgage loans, so we can put the rest towards savings!
Good luck - and congratulations on your raise!!
Hi Birthday Girl!
Congrats on paying off the CC's...what an achievement. I have my MA +30 coming to me in a few checks, and my + 45 in the spring. So I am really trying to plan ahead. How are you doing?
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| Posted 11/13/05 2:04 PM |
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lvdolphins
My Loves!
Member since 5/05 46292 total posts
Name:
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Re: financial advice
Pay off those C.Cs
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| Posted 11/13/05 3:44 PM |
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PiyoPika566
talk to the hand
Member since 5/05 1436 total posts
Name:
Stephanie
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Re: financial advice
Definetely pay off your CCs, even if you tons saved up in the bank, it really isn't your money until you are debt free
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| Posted 11/13/05 4:24 PM |
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betty
My boys
Member since 5/05 4380 total posts
Name:
Beth
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Re: financial advice
Credit cards for sure
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| Posted 11/13/05 4:26 PM |
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Palebride
I am an amazing bakist
Member since 5/05 13673 total posts
Name:
Lori
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Re: financial advice
Posted by christy
Hi Birthday Girl!
Congrats on paying off the CC's...what an achievement. I have my MA +30 coming to me in a few checks, and my + 45 in the spring. So I am really trying to plan ahead. How are you doing?
Hi!
It was a total wieght off my shoulders to get rid of the CC debt...and it wasn't even that it was that much - it's just the interest rates that get me!
I just got my Masters + 15 with the last paycheck....and with the new contract salary it was a nice boost! So hopefully, we'll be able to start saving a bunch of money for a house now
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| Posted 11/13/05 4:51 PM |
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christy
Mommy of 2
Member since 5/05 6787 total posts
Name:
Christy
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Re: financial advice
Posted by Palebride
Posted by christy
Hi Birthday Girl!
Congrats on paying off the CC's...what an achievement. I have my MA +30 coming to me in a few checks, and my + 45 in the spring. So I am really trying to plan ahead. How are you doing?
Hi!
It was a total wieght off my shoulders to get rid of the CC debt...and it wasn't even that it was that much - it's just the interest rates that get me!
I just got my Masters + 15 with the last paycheck....and with the new contract salary it was a nice boost! So hopefully, we'll be able to start saving a bunch of money for a house now
WOOHOO that is awesome!!!!!!!!
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| Posted 11/13/05 6:53 PM |
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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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Re: financial advice
Posted by -Lisa-
I'd say getting your credit cards paid off should be your priority. Otherwise your paying more in interest than you'd be earning in a savings account.
Agreed.
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| Posted 11/13/05 7:21 PM |
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puppylove
LIF Adolescent
Member since 10/05 561 total posts
Name:
Summer
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Re: financial advice
Pay off the credit cards 1st. Save later. If you want put in small deposits to savings when you can, 20 here and there, will be slow, but it will built up. 
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| Posted 11/13/05 8:22 PM |
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