Skip to main content
No. of Recommendations: 0
Is the lease payment also for a vehicle? Do you have a plan on how you will replace that vehicle when the lease comes due?

Not sure if you remember from my previous posts, we have three cars. The van, that we are currently paying, is used by the nanny. My work car is the lease, which is fairly new. Hubby's car is paid off. When the lease ends, we will not need a nanny and the third car. If we do need a nanny, we will have her use her own car as you had previously suggested to me.

Savings now go towards retirement and 529s.

I agree about putting some savings towards retirement, but with all the debt that you have, I would not be putting anything else in the 529s.

I have such a hard time with that. I cant imagine not putting away something for them. I contribute $150 for the three, which is less than what i had previously set aside pre-debt. I set up the 529's - in the same second I found out I was pregnant. I went from pee-stick to husband to mom to computer in a single heartbeat. I'm willing to suspend contributions for a month, maybe two, but 18 months....not sure. I also get a state tax deduction which is an added benefit.
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.
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.