Looking for input.

[maat55]

He and I had debated what to do with a 3k gift. He wants to put it towards paying down the credit card, I suggested he keep it aside to pay expenses to avoid using the credit card until he had a longterm job that covers his expenses, then I would hold out 1k and use the rest to pay down the card.

His suggestion has merit due to it lowers his interest expense of about 110.00 currently. But I disagree because it leaves him vunerable to an emergency that a credit card cannot cover, a house payment might be needed, a car payment might be needed, he may have his credit card balance dropped and it sets a bad habit of relying on credit as an emergency fund.

[ThePennyHoarder]

Maybe they could volunteer some of their time to make up for not tithing??

[maat55]

Originally Posted by ThePennyHoarder

Maybe they could volunteer some of their time to make up for not tithing??

Tithing is not on the table for discussion. It is merely a legitimate element in the expenses.

[jpg7n16]

Originally Posted by maat55

He and I had debated what to do with a 3k gift. He wants to put it towards paying down the credit card, I suggested he keep it aside to pay expenses to avoid using the credit card until he had a longterm job that covers his expenses, then I would hold out 1k and use the rest to pay down the card.

His suggestion has merit due to it lowers his interest expense of about 110.00 currently. But I disagree because it leaves him vunerable to an emergency that a credit card cannot cover, a house payment might be needed, a car payment might be needed, he may have his credit card balance dropped and it sets a bad habit of relying on credit as an emergency fund.

Half and half?

I think you can find some middle ground, like the $1k held out solution then.

Assuming the line of credit on the card is still available for him to borrow against if needed. The cash could go to the mortgage payment if needed, and food/lights/etc. could be charged to the card.