roll that snowball money over into a savings account, cd or invest? I've been thinking about this for a while and I think that once we have about a year's worth of living expenses (and believe you me we are no where near that) in savings, I'd like a fully funded emergency fund and then start investing the money.
Anyone else consider what you'll do with all that money?
When our first loan is oiad off in 2 months this will go into our emergency fund. When the next one is paid off it will go towards buying a new car. when the third is paid off (and the cash from the other 2 have done their job) this will all go on the mortagage.
It really is a big help knowing the end date of all of these debts so we can make plans for where the cash will go.
Hopefully, I can get my debt ALL paid off in 2 years so I can save more for my "new home". I hoping to move out of my parents' house within 5 years.
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