No. of Recommendations: 0
I accidentally posted this to the wrong board. So here it is. And based on reading the boards I know you are supposed to pay off cc first, but given my situation I thought I'd seek advice. Thanks!


I recently moved half way across the country with my boyfriend. Neither of us had jobs, but we'd saved up about $4K. We both have student loans, but we're trying to defer. After about a month I decided to do temp work, but I had to buy a car in order to get there every day (used car, $1100). He's still looking to temp so I'm the only one bringing in money right now. I put most of the moving expenses on my credit card (moving truck, gas, etc) assuming we'd pay it off right away when we found jobs. Since it's taken us longer to find jobs we've used some of the savings (and cc) for living expenses and such. There's only $700 left of the $4K. My credit card bill is now $3600, but I'm sure I can put a huge dent in it once I get a 'real' job and my boyfriend gets a job. Yes, I've stopped using it and only use cash now. My basic question is should we leave that money in savings or make a large payment on my credit card? (I've already made a $500 payment a few weeks back.) Other ideas or advice?
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.