Re: IRA & long-term savings vs. Paying all CC debt?
yeah, savings rates aren't going to help you here. throw some $ at that 9.9% !holy moly!
$458/month in interest there man. you gotta kill that beast before it eats you!
1st month assuming you start paying on it immediately.
4600 (-1700) -287.1 *at least 500 emerg. fund saves 100$ on interest and final payment would be 1000$ instead of 1634.
3187 (-1700) -147.2
1634 (-1700) +66
now think about all the $ you will be saving from NOT paying debts!
--the 5% loan may be able to be reduced, but that's already pretty low. Try splitting funds between that, your emergency fund, and your 401 once that Creature Card is dead.
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