No. of Recommendations: 0
Well, I'm torn as to what to do with my anticipated windfall to be rec'd from Christmas presents. The money's not in the bank yet, but I've had several people tell meCASH is what they're getting me for Christmas. Which is good and liquid-nothing to return. :-) Now my dilemma. I am definitely a LTB&Hldr-this recent market has me salivating! However, I am also in bigbig debt-not as high as some, but worse than others.(Fair disclosure: Household GROSS income 35K; CC debt between 15-20K all loans inc. My worst interest rate is DCard-they JUST raised my rate to 15.99%-not counting Sears- I have no doubt I'll go to my grave with that. :-) )
My stash should be between 500-1000$.I'm very tempted to invest at least a TINY part-100-200$, perhaps? in beaten-down equities. I know the Foolish maxim is to wait until one is out of debt to invest, but if I do that, I won't have money for retirement in 2013. (LOL!)
So...what should I do w/my Santa Claus cash? ALL for debt, or hold back some for investing and add to savings acct/emergency fund?

Sorry for length, and always my .02-and happy holidays, y'all!
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.