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Decisions, decisions, decisions

April 9th, 2015 at 08:21 pm

At the start of the year, I said any extra money I receive, I would pay half on the CC debt and the other half towards my $20 challenge.

I received $200 from my brother today. I tossed and turned, trying to decide if I should pay this entire amount ($200) on the CC or half. I initially said I was going to pay down CC debt when I received the money but it really bothered me that I wasn't adding anything to my challenge. So with that, I took half and paid the CC and added the rest to the challenge.

Part of my goal is to save $5000 for the year, (that will give me about 6 months worth of expenses saved) and to pay off two CCs. I must say my methods are working, I should have about $1500 saved by the end of the month, if not more, and three credit cards paid off. With three CCs paid off I can save $75 a month. Smile

Just hoping I made the right decision

4 Responses to “Decisions, decisions, decisions ”

  1. VS_ozgirl Says:

    In the end, if you kept the money in some form, whether it be EF saving or CC repayment, you're still doing something to better yourself financially Smile

  2. Amber Says:

    Thank you VS, I really needed that

  3. scfr Says:

    I agree with VS_ozgirl. Either one of the two choices you were weighing could be seen as the "right" decision. Keep it up, Amber!

  4. rob62521 Says:

    Well said, VS, well said!

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