My birthday was a few days ago and I got $500 from my dad and stepmom. I'm considering a few things for what to do with it.
1) Put it all in the savings account I nicknamed Moving Out Fund. (Would bring the balance up to $700.)
2) Split it between my Moving Out Fund and other savings.
3) Put it in checking and use it to pay down more debt.
And I suppose there's a number 4: Put half in checking, half in savings, and still pay down debt.
As a follow up to my post from a few days ago: I paid the remaining balance on my student loan and half of the balance on a credit card with a 23.99% interest rate. I'm also in the process of paying off the remaining balance on a credit card that was closed a few years ago and I was making payments on the remaining balance. I have some other debts besides those; those were the debts that stood out because they were small and I could feasibly pay off all or some of them.
Submitted July 29, 2021 at 07:35AM by Free-Veterinarian714 https://ift.tt/3BNf4s1
