Money Matters
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

WWMMD

This is tigerfighter I forgot my password to my alias sn, so doing decent financially, got my MC down to under 4k and my furniture card is about 1.7k. I plan on using my return to pay off the cards. I am thinking of paying off the furniture card as it is an $80/month payment. Then I can use the furniture payment towards the Mastercard. My goal is debt free by end of may. I need to buy a new car and don't want multiple payments at the same time. My last kickboxing payment is also in February so I will make better head way after February. My work has been busy since October and doesn't look like it is sloving down so overtime should be available. My other goals are doing good, over $1k in my 401k, $500 in my e fund, and $500 in regular savings.

Re: WWMMD

  • Looks like you got a really good plan going, just keep up the good work.
  • I agree, sounds good to me!
  • Sounds like a good plan! Good luck!
  • Welcome back tigerfighter! looks like you have been making a lot of great progress! Keep it up.
    I would pay off the furniture card first- so with your tax return put it towards that, and then snowball that money towards the other card. But you have made a ton of progress.
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  • Sounds like a great plan! Keep up the good work!

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  • Thanks. Can't wait to be free of the credit cards. Never again!
  • So did my taxes tonight and not as high as I was expecting. I was originally planning to pay off one card completely but don't have enough about 400 shy. So should I instead but it on the Mastercard that has an 11% rate and a 3.8k balance or almost pay off the small one?
  • amhill87 said:

    So did my taxes tonight and not as high as I was expecting. I was originally planning to pay off one card completely but don't have enough about 400 shy. So should I instead but it on the Mastercard that has an 11% rate and a 3.8k balance or almost pay off the small one?

    There are different approaches to this but if you'll be able to pay it off quickly I'd put it on the small one. With longer term debts I go highest interest first.
  • Almost payoff the little one. That will eventually help you free up that $ to put towards your bigger debt.
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