which would be better.... Extra money in the bank or having all your bills paid off?
2007-12-15 01:34:49 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
you should have a little of both -- other words yes out of debt is great but you need a rainy day fund in case you lose your job!!!
2007-12-19 00:20:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Considering the average income is 50,000 pay of your bills, then worry about the extra
try putting half the extra in a Certificate of Deposit.
Idk i am just giving ideas
2007-12-15 09:50:34 · answer #2 · answered by Jori Z 1 · 0⤊ 0⤋
You should always strive to pay off all your bills, but you should also "pay yourself first"; take 10-15% of ALL your income and invest it for your future. Then pay off your bills. If you don't seem to have enough to pay the bills, you are either spending too much or not earning enough! You have almost complete control over both these things, so fix it!
2007-12-15 09:57:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Ideally savings and money in the bank. Always keep your debt at 0 or close to if a choice is necessary. Because if the debtors come calling, your bank balance is their first choice.
2007-12-15 10:11:26 · answer #4 · answered by jennifer m 2 · 0⤊ 0⤋
pay monthly bills in full.
pay rotationg balances (aka, credit cards, etc) more than minimum payment. it is sometimes easier to pay the minimum on one check, and add more with the next check.
put money aside each check if possible, and try not to touch it.
the best of both worlds..
2007-12-15 09:39:24 · answer #5 · answered by no body 6 · 0⤊ 0⤋