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When your debt is paid off will you continue to

1K views 6 replies 7 participants last post by  frugalandsimple 
#1 ·
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?:)
 
#2 ·
Once we have paid off our debt, we plan to put some money into fixing up our current house so that we can sell it and move the "boonies":D
 
#5 ·
Since my debt is paid off I am building up a 6 to 9 month EF and putting some extra money on my mortgage each month.
 
#6 ·
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.
 
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