Friday, January 16, 2009

1 down, 2 more to go

I paid off one of my credit cards today! I'm so glad. Now just 2 more to go...Also, I'm sort of worried about more layoffs, and I make enough to save and to spend and to pay off my credit cards, but I'm wondering if I should back off paying off the other 2 and put that money into savings. Everything I've read on the subject matter seems to indicate no, but what if I do get laid off and I end up running up my credit cards again because I didn't have enough in savings? Any thoughts?

4 comments:

Anonymous said...

Then you'll move into my basement, that's what.

Anonymous said...

You don't have to put all your eggs into one basket, so to speak...you could allocate a certain percentage over budget to savings and another percentage to debt. Since you're a little worried about layoffs, you could save 1/3 and put 2/3 to debt. Or switch it around if you like. I've heard the more conservative savings kind of people saying to put away 6 months worth of expenses to protect you in case of a layoff.

Shawn said...

new blog? what is going to happen with this one. i will miss the confessions of a san ho.

cherie said...

I do have a new blog, but decided not to link it here, just in case. I will maintain both. One for design and one for my trash.