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Author: DollarIQ Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308722  
Subject: Paydown debt, or e-fund? Date: 8/21/2003 2:08 PM
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A friend of mine who has been unemployed and living on an e-fund has gotten an unexpected reimbursement of $6,600 which she is very relieved to have. The question is whether she should use this to set aside for her to live on, or pay down her debt. She owes about $3,000 on American Express and $1,000 on Visa. Till now, she has been paying near minimum on each. She still has at least six months of e-fund, but she is fearful of the tough job market; it has been really difficult in NY. The extra $6,600 will give her a few good months of income to subsist on, barring a real emergency or problem.

Opinions and thoughts about how she should best make use of this income?

$IQ
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