I have $60k in debt and a $50k income. Only one month of expenses in checking account. Account minimum in savings account. $550 in unallocated money per month from paycheck.
I am familiar with Dave Ramsey's content. In my situation, should I be putting all extra toward my student loan debt ($60k) or should I get my three month's worth of expenses and then throw everything at the debt? Or something else?
I also plan on getting engaged in the next three months. I plan to spend $6k on a ring that I recognize that I don't have at the moment. Was thinking about opening a credit card to get 0% APR for over a year and then pay it off. I recognize this is not ideal and can lead me into trouble.
Any advice is greatly appreciated.
Submitted March 24, 2018 at 09:02PM by philbaltlaw https://ift.tt/2G2cNQq
