[Aviza]

I went through my budget and debts. By 2022 I will have all debts repaid. Maybe sooner with tax return money. The interest free debts I'll keep paying. The interest debts I'll use tax return money to pay down faster.

But it's looking like 2022 I'll be in a good car buying place. One debt will be repaid in 2021, I plan to take that money and put into savings so I have a down payment for a car. Though they say add it to repayment of debts to pay them even faster. I like building savings idea better.

2022 can't get here fast enough.

[CANDC]

Originally Posted by Aviza

I went through my budget and debts. By 2022 I will have all debts repaid. Maybe sooner with tax return money. The interest free debts I'll keep paying. The interest debts I'll use tax return money to pay down faster.

But it's looking like 2022 I'll be in a good car buying place. One debt will be repaid in 2021, I plan to take that money and put into savings so I have a down payment for a car. Though they say add it to repayment of debts to pay them even faster. I like building savings idea better.

2022 can't get here fast enough.

Paying down debts that are currently costing you interest like credit cards can be helpful. Car loans typically are written so you pay the interest first and so by the time you decide to pay it off you may be paying 0 interest. If that is the case I think having money in the bank is more useful than paying off loans at 0 interest. But I am not one to go on shopping sprees either so I am not worried about that.

If you find savings easy, having 6-24 months of expenses in a money market account can give you a great reserve if things get tough for any reason.

[Aviza]

Thanks for that, I'll consider it. Found out today my savings account was closed, would have to go to bank to reopen. Might look into a money market account instead. Also found out check systems holds onto stuff for 5 years, so by 2021 my check systems report will be clean again too! My ex the con messed that up too, but I was able to prove some stuff to get my current bank account. Well for now things are tough, but my future at least looks brighter, just have to bite the bullet for a while.