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Well, as of today I join the ranks of the laid-off. I don't expect to have too hard a time finding work, but here's my question:

We have $7,000 on our credit card, which I would have paid off this month. I think I'm probably better off holding on to my cash for now, and either paying the minimum ($165 ish) or maybe $1,000.

We have enough to get by for at least six months, but hey, you never know. So what do you think? Make minimum payments and eat the interest until a new job comes along?

Hi Dave!

I'm sorry to hear of the layoff, and I'm crossing my fingers that it won't be very long until you've secured a new position.

I agree with your plan. At this point, you want to plan as well as you can for the unforeseen, and holding onto some reserves isn't a bad idea. What I'd do for now, is to make sure I didn't add anything to the charges, and continue making the payments--perhaps some amount above the minimum each month until such time as your regular paycheck returns.

Good luck!

...but I still am...

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