Skip to main content
No. of Recommendations: 1

Well, I haven't been here as long as some others, but here is my 2¢ worth:

Bethdig had some great comments for you to think about.

The good news is you don't have to decide tonight.
The bad news is that if you don't have a workable plan you may end up in even worse debt at some point with reduced income.

I think I would first plan to pay something on the student loans to make sure I would be eligible for any future payment. I would not, however, count on any future "free money" as lots of stuff can happen between now and then.(A fact you have also acknowledged)

I would make sure I put some into an e-fund.

I would then make sure I had a plan for debt reduction.

You don't have to post it, but make a list of all your debts showing each debt, int rate, minimum payment, and usage ratio.
That will give you a start to plan your debt attack. There is a debt snowball in the sidebar. Use that to get a handle on what it will cost to pay off your total debt and when you will finish.
I would be tempted to put all the rest of the money to the ccs.

I would make sure you have a budget worked out as well. Yes, we can help with that,too.

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.