Do you have extra you are paying as a snowball? If you want to get Gazelle, then sell stuff, reduce your 401K, make extra money and knock it out! Then you can move on to baby step 3!
who’ve made it debt free and stayed in this blog. You are so valuable to the rest of us.
I need to pick everyone’s brain. We have $2800 in debt, it’s interest free for the life of the loan. Outside of our monthly bills, mortgage, and food it’s the only debt we have. Before we had the debt of $2800 we’ve been relatively debt free for the last couple of years. Currently, my husband has 9% taken out for a 401K plan at work. So my question is should he stop funding the 401K until we pay off the $2800?
We have about $1500-$1800 in an emergency fund. Where I live, things tend to be more expensive when emergencies come up. We found it really wipes out the $1000 fund quickly. So we upped what Dave’s says of $1000.