Good Day everyone, so I have an interesting situation. I went to college for free on an athletic scholarship ( currently 25 years old ) and I currently have a pretty good job. I want to buy a wedding ring this year or early next year. I currently have about $8K in debt and I am about to cut my living expenses nearly in half. I make $60K+ a year before taxes. I have about 7K saved up and am looking for guidance. Do I continue to minimally pay off my credit cards that I have been irresponsible with over the course of 3 years and continue to save for the ring or do I go all in with what I have saved to chop down the debt and start with a clean slate to pay for the ring with cash since my living expenses are about to decrease so substantially? Any feedback is appreciated!!!
May 24, 2017 at 10:02AM
