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windfall

March 25th, 2007 at 03:09 am

I got handed an envelope of cash tonight at the party - a gift from a relative whose mother I had helped out before her death last year. It's actually a rather long story that I am not going to get into at all, but it was a very pleasant surprise in an otherwise aggravating weekend!
So now...I have $1k extra, a total surprise, to do something with. As much fun as taking a vacation sounds, it's not in the cards for us right now Smile Here's the realistic options:
1. CC balance of $2900 at 0% interest until August
2. Add it to DH's 2006 Roth contributions (currently at $0, but $2k slated to go in as soon as we get our state tax refund back).
3. Pay towards student loans, $5700 and $15k at about 3.75% interest.
4. Beef up EF, currently at $7k.

Only other debt is a $157 cc balance, which will be paid off this month anyway.
My parents are going to Vegas in a few days...DH said to give it to them and try to double it! He's kidding, of course...but what should we do with it? I am tempted to put it toward the student loans, but the window of opportunity for 2006 contributions is quickly closing...

3 Responses to “windfall”

  1. Ima saver Says:
    1174825988

    I would put it in the roth ira. It will compound for many many years!!

  2. Amber Says:
    1174831776

    I would put ittowards the debt

  3. robex Says:
    1174917527

    My vote is with Amber...put it towards the debt.

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