No More Credit Card Debt: Now What?
Started by: Smithee
Aug 04, 2008 Total Views: 5,949 Total Votes: 2,186
| Vote Here: | ||
1. |
Save everything you can toward a 3-month buffer ($11,000)
By: Smithee This seems almost as unachievable as paying off the credit cards was. But I know that according to conventional wisdom, it should be my first priority. Right now, I have NO emergency fund. |
+191 pts |
2. |
Start a Roth IRA
By: Smithee |
+137 pts |
3. |
Make extra car payments
By: Smithee |
+116 pts |
4. |
Increase 401(k) investment (currently 6%; employer matches 25% of first 6%)
By: Smithee |
+50 pts |
5. |
Make extra house payments
By: Smithee |
+32 pts |
6. |
Start a 529 plan for the kids
By: TheWisdomJournal |
+31 pts |
7. |
Save toward the goal of moving somewhere with better weather
By: Smithee I don't think I can stand more than one more summer here. It's absurdly hot. |
-16 pts |
8. |
Upgrade the kitchen (appliances and storage, mostly)
By: Smithee This would make my wife very happy. |
-54 pts |
9. |
Do something about the horrid popcorn ceiling
By: Smithee |
-54 pts |
10. |
Update the sinks & vanities in the bathrooms
By: Smithee |
-68 pts |
11. |
Buy new clothes
By: Smithee I've never included Clothing in my monthly budget. I probably should. |
-81 pts |
12. |
Get a sprinkler system installed (probably $2K to $3K)
By: Smithee Plants die really quickly in this climate. |
-86 pts |
13. |
Buy a network storage system for the house (I don't need this, but I can't stop wanting it)
By: Smithee Seriously, we're doing fine with the storage situation. It's just that I want to be able to store a ton of movies and TV shows and never have to think about archiving anything. |
-87 pts |
14. |
Save for one month, then throw a party
By: Smithee |
-88 pts |
15. |
Buy some video production equipment (a real camera and some lights)
By: Smithee Video production was my first love. My current camera produces a workable image, except in low light, and the microphone is crappy. |
-89 pts |
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Anonymous User Aug. 11, 2008
Yay Boo 0 pts