My husband and I have an awesome situation right now where we’re living in a house for free—utilities and everything covered.
After all of our expenses are taken care of, we have $1400 a month left over. We’re going back and forth on whether the financial security of more in the bank is more worth it or if being debt free would be a better idea. Would you put that in savings or pay off debt?
We’ve got a savings of 3 months expenses. (About 5k)
Our only debt is our car payment and student loans totaling about $22,000. The minimum payments combined are $310 per month. This is figured into our budget, so the $1400 per month would go towards extra payments.
Submitted December 05, 2018 at 12:36AM by emmajaner https://ift.tt/2StQBQV
