$ question

Original post by B22

May 09, 2008 11:29 AM

IF someone just planted 1000.00 in your hand, what would you do with it?

I'm having this debate with my husband b/c his father just sold his house and is giving DH & SIL $1000.00 each.

DH wants to just put it towards his bills.. He has a little CC debt, but nothing we can't pay off if we're consistent.

*I* think we should invest it. When are we ever going to come across $1000.00 like that out of the blue that DOESN'T have to go towards something, you know?

We have nothing saved (aside from Aidan's college savings and even that isn't much)

PaddysGirl15 Posted: May 09, 2008 01:05 PM

Re: $ question

pay off credit cards.

ligirlz Posted: May 09, 2008 01:30 PM

Re: $ question

I am on the same boat but I am the one coming into money. I decided to pay down some household debt we have and then put the rest in my ING savings which always has an awesome interest rate.

I suggest the ING account because I found no other bank that doesn't come close to them with their savings accounts.

Jennifer907 Posted: May 09, 2008 01:53 PM

Re: $ question

I'd pay off debt, which is exactly what we're doing with our stimulus rebate.

GinaZ Posted: May 09, 2008 02:05 PM

Re: $ question

I think either way its a smart thing to do with the money!

magbride Posted: May 09, 2008 02:20 PM

Re: $ question

We're debt phobic, so I would probably credit or in our case, apply it to our home equity line of credit. I used to like to stick any money I had in the bank, but DH is all about getting rid of any debt, which will then allow you to save more in future.