Thread: Bennyissavings
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Old 10-27-2009, 07:32 PM
nmboone nmboone is offline
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First of all, don't worry about how your friends are doing. They could be lying for all you know unless you've seen their accounts. Also, you're in college so don't expect to be rich!

What I would do first is take 2k out of the EF and pay off the 2k item. Just get it out of the way, even if it is interest free. Then apply the extra $100 a month towards the car and really start to pay that off. I don't know the interest rate on the car but an extra 100 plus whatever else you can afford should really make a dent in that debt. You'll still have $1600 as an EF which I believe is what you wanted to do anyway.

Otherwise, I think you're doing great. It seems your debts add up to about 1 week of work. 800 x 3 = 2400 so if you used a small portion of that for fun money and put some towards the car and saved the rest, you'd have 10,000 in about 6-8 months just like all your friends apparently do! Plus you can move out with your GF with plenty of money to spare.
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