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Originally Posted by PAZach
Just found out today I'm going to get $5600 back in taxes this year. Now I'm sure this changes things a bit. Should I use all of my refund to pay down debt, put some in savings for down payment, etc? Would like to hear the expert opnion.
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If you don't have an EF, I'd put some toward that to prevent future CC usage. Then I'd put the rest toward the debt. If you can put $3,000 in an EF and $5,600 toward the debt, and continue to pay $1,000/month on the CCs, you will be debt free in 6 months.