hey guys, so im trying to make up my mind on a few things.
I have my car loan at $9,000 and I have a few credit cards totaling at $3000. Also, I did 1099 work last year and it looks like I owe money. I will find out Monday but my tax guy said it might be about $3,000 that I might owe (I made about 17,000 I added some expenses and he said he would help me out to bring the payment lower of what it is he will explain more on Monday and I can update this as well).
My question is what would benefit to pay off first. I feel like my car would be a huge load off my back. Monthly payments are $330 with an interest rate at 4%. Should I refinance first before doing that if I go that route? I think I can turn around and use that money ($330) to aggressively pay off my credit cards.
Savings- I have $8000 and will have $9000 on Friday. This is my emergency fund too sort of.
other info Rent- $1295 phone-$160 for 2 no other major payment other than utilities and monthly subscriptions.
Any thoughts?
Submitted February 24, 2018 at 10:42PM by PM_Me_Churros http://ift.tt/2CEqBtH
