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Pay credit debt with savings?

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    #16
    I agree about the car. OP, how much is the car currently worth if sold. You can get an estimate at kbb.com or edmunds.com. It might be worth selling and replacing it with something much cheaper, preferably bought with cash.
    Steve

    * Despite the high cost of living, it remains very popular.
    * Why should I pay for my daughter's education when she already knows everything?
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      #17
      Let me clarify the car situation. I bought it when I thought I had made up my mind to work full-time instead of continue my education. It wasn't a minimum wage job, either, I was working in production for a racing magazine, earning a decent salary for my age. I'm a car guy, and spent a good amount of my income on parts/maintenance for the car when I was making money. A little over a year ago I decided to go back to school, but continue to pay off the car. I've thought about selling it but I have way too much time, energy and money put into it to get what I have into it. I made some poor money decisions I know, but it's almost paid off and I have no intention of selling it until it is.

      I know if I stop my education and work full-time to pay all my debts off, it could be years before I enroll again, I'm trying to blaze through school now.

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