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https://boards.fool.com/aj-thanks-for-the-thorough-reply-in-terms-of-the-31298088.aspx
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| Subject: Re: Need advice on paying off debt... | Date: 6/22/2014 2:10 PM | |
| Author: lioil100 | Number: 308286 of 312794 | |
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AJ, Thanks for the thorough reply. In terms of the debt i did pay some off but I had a little more from student loan transfer(basically i had higher rate student loan - did balance transfer from CC then paid off the higher interest student loan so it "appears" debt is the same as before). In terms of savings I have a few thousand besides my normal roth and 401k. As for the housing I was actually thinking of buying a house/condo and renting out part of it to reduce cost. I know it is not a long term strategy as i have a family of my own but i think it might work in the short term? The housing here is kind of expensive ... i pay 1200 for rent inc utilities and for a cheaper "total package" place i probably need to be 20-30min more away from work and with morning traffic it translates into ~1 more hour commute a day for maybe 100 or so savings a month. But to really save money on rent i would need to get a roommate either renting or buying. |
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