Another question of mine asks about buying a home, and someone mentioned paying off debts. My husband has some trust funds maturing this Christmas, and will be no less thank 1250.00, could be more. Which debt should we pay off first? Ok, here's a list of all our debts... (blech) .
3235.51 My Car (64.00 Monthly)
6034.98 His Car (112.00 Monthly)
1400.00 Credit Card (100.00 Monthly)
200.00 Dog Training (120.00 monthly)
800.00 Car Insurance (due april/ 134.00 monthly)
Also, we were thinking about selling my car to get rid of that debt, we could probably get 4,500 for it about putting 700.00 body work into it (my husband hit my car in the driveway, needs a new bumper)
Any advice here? I know I'm asking some similar questions, but I'm at my wits end here!!!! Thanks in advance.
(ooh and again here's our figures. 1260 earned/month, 926 expenses/month.)
2007-12-04
08:23:44
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7 answers
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asked by
Chas A
3
in
Personal Finance