help making decision...

[kimblesaurus]

To my financial Guru's...
My wife and I are not only planning to buy a house within the next year, but we are also planning to have a baby as well....

My delima is, do I hurry up and pay off my credit card debt, or do I start padding my saving account...

My Stats:
combined income = $4k/month after taxes me=$3k wife=$1k

debt:
revolving (credit cards)= $15k currently at 0%..min pmt= $200
installment= $3500 at 8%..pmt=$200

minum monthly payments towards debt is $400

rent is $500...

my total monthly expenditures including debt is around...$1700/month

my savings account is zero due to us moving 1300 miles to Texas for my new job....

I'm looking for any advice...please help.

 

[chewyxrage]

Credit cards at 0%? How long is that going to last and how high will the interest be after?

 

[kimblesaurus]

the rate goes up in july of this year...but I've got another card that I'll switch to for 0% for another year...

 

[rsnoble-im-back]

Jesus I really am rich. lol.

 

[kimblesaurus]

Jesus I really am rich. lol.

"rich", as in a pompously "rich" douche-nozzle?? yeah, i can see that. thanks for the feedback....i'll put it to good use!

 

[rudeboyja]

Search for an online budget/ financial planner planner. Depends on interest rates. If you will be paying 11% on credit cards and getting 4% on your savings, you are basically losing $ if you put it into savings. Pay off your debt one card at a time & when it is all paid off use that $$ to save and invest.