Re: Stop Saving Your Money!
cicy33, I agree, because I am going through it now that I regret being so aggressive towards my debt and not putting as much into savings. I think putting a certain amount in, whether a grand, 2 grand, etc. will make you feel better and provide a cushion. I am working to do so now, and hopefully it will not be a problem in regards to the time I have.
My situation: I am down to 3 debts (not including car loans). Dell Computer, Best Buy, and Discover Card. The Discover only has a limit of $1200 and cash advance of $300 or so. It is all but maxed out right now. My SO works for the apartment complex we live in, rent and utility free (this allows me to be as aggressive as I have been in paying off debt), but may lose his job (he has medical issues and has been out of work), causing us to move. Here in NJ, we'll need at least $2500-3000 to move - security, 1.5 month's rent, etc., not to mention moving expenses. Do leasing offices accept credit cards? Not sure, but even if they do, I still need more cash on hand then is my limit, and what if we find a great deal from a private party to rent? They don't take credit cards. So in almost all situations, the paying off of debt would be my first recommendation, but I think you need to just take a look at your personal situation and determine what is best.
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