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Debate

January 23rd, 2007 at 02:43 am

Hmmm...I am going to have approxinamtely $3000-3500 coming back from my tax refund (although technically it's not a refund because it's more than I paid...but I digress). I have a few options:
1. Put it directly into our Roth IRAs for 2006, since we were able to put very little in this year.
2. Put it toward our 0% cc debt ($4700). We have until August before the rate goes up on this.
3. Some combination of 2 & 3.
4. Build the EF fund back up to $10k.

I think #4 is the least popular option, since we already have $7k in there. Paying off the cc is definitely more of a priority - although my time is running out to make the IRA contributions too.

Hmmm...I'm leaning toward #1.

Posted in Uncategorized | 1 Comments »

1 Responses to “Debate”

  1. Thrifty Ray Says:
    January 26th, 2007 at 03:19 am 1169781561
    1169781561

    Do you plan to have that CC paid by August regardless? If so, the Roth idea sounds good...but if you dont have a solid plan for the credit card...you may want to consider paying the CC off. or a split between the two.

    In any case, congrats on that windfall...those are always fun to anticipate and enjoy!

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