If you have money saved away, should you pay off debit, save for kids, or what?
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Let's say you have $9,000 saved should you pay off some of your debit which for me is 3,000 in a loan and 900 in credit card, or keeping saving it and invest it or something. I am 21 married with two small kids. I'm just so confused in what will be the best for our family, I want to save for my kids and still have savings in my account for emergencies. How much would you save every paycheck for your kids and how much for your personal savings account? And my husband is in the navy and still has started his retirment fund is this bad?
If you have money saved away, should you pay off debit, save for kids, or what?live as poor as possible keep saving until u die and then pass it on to family =]
If you have money saved away, should you pay off debit, save for kids, or what?You have to pay your debt... when you go to buy something that debt is bad on your credit. and people will turn you away... If you have the money pay those loans off while you have money too, continue to save in an accesible savings, but put majority of it away unaccesible for your kids or emergency.
If you have money saved away, should you pay off debit, save for kids, or what?I like to follow the old rule on investing/saving and truly believe in "Pay Yourself First"
However, in reality we all have bills. My advice is when you get a lump of money, split it up, use some to pay bills, put some away for yourself, and maybe set up a college fund, or just a savings account for the kids.
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