Money Matters
hmd
member
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.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
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.
What should we do with this money?
DH and I are working on bulking up our savings. We recently sold an old car for $4200.
If I put the money into savings, we will be at around 2 months comfortable emergency fund (spending exactly the same as we do now). Our plan is for DH's extra monthly check to get deposited into our savings, minus our car payment. Plus it is nice to see this grow.
If I put the money towards his student loan, it would practically pay it off in full, which would save us $150/month.
If I put half of the money towards refinancing our house, we would save $200/month. However, we would really like to sell the house. Just not sure if/when it will happen. It was on the market for 6 months last year and didn't sell.
What would you do?
Re: What should we do with this money?
Probably give it to the national make polooo rich association of America. That's just me though.
Serious now: If the student loan had an interest rate above 4% then I would pay that off.
How much would it cost to refinance the house? I
TTC since 1/13 DX:PCOS 5/13 (long, anovulatory cycles)
Clomid 50mg 9/13 = BFP! EDD 6/7/14 M/C 5w6d Found 11/4/13
1/14 PCOS / Gluten Free Diet to hopefully regulate my system.
Chemical Pregnancy 03/14
Surprise BFP 6/14, Beta #1: 126 Beta #2: 340 Stick baby, stick! EDD 2/17/15
Riley Elaine born 2/16/15
TTC 2.0 6/15
Chemical Pregnancy 9/15
Chemical Pregnancy 6/16
BFP 9/16 EDD 6/3/17
Beta #1: 145 Beta #2: 376 Beta #3: 2,225 Beta #4: 4,548
www.5yearstonever.blogspot.com
TTC since 1/13 DX:PCOS 5/13 (long, anovulatory cycles)
Clomid 50mg 9/13 = BFP! EDD 6/7/14 M/C 5w6d Found 11/4/13
1/14 PCOS / Gluten Free Diet to hopefully regulate my system.
Chemical Pregnancy 03/14
Surprise BFP 6/14, Beta #1: 126 Beta #2: 340 Stick baby, stick! EDD 2/17/15
Riley Elaine born 2/16/15
TTC 2.0 6/15
Chemical Pregnancy 9/15
Chemical Pregnancy 6/16
BFP 9/16 EDD 6/3/17
Beta #1: 145 Beta #2: 376 Beta #3: 2,225 Beta #4: 4,548
www.5yearstonever.blogspot.com
Get rid of the student loan. If you have no other debts (besides your mortgage), then start putting your money into the emergency fund.
If you're not sure about refinancing, all you need to do is figure out if you would be able to recoup the $2
Pay off the student loan that way you can take the $150 a month towards your emergency fund.
If you are thinking about moving soon, refinancing would be a waste of time.
Thanks, girls. I had intended to pay off the student loan, but it just looks so nice sitting there in our savings account! : )
I will pay it off, and I guess we will put off the refinance and just re-list our house. There are a