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Decisions, Decisions...

December 14th, 2006 at 10:39 pm

I recieved my year end bonus today. The company I work for just hands out small bonuses - not the thousands of dollars I read of others getting. I am still very grateful for what I get.

Anyway - the net of my check is $440. Now, what to do with that money.

1. I could use the entire amount to help pay off my school loan. I owe just over $600 so this would be the bulk of that loan. (2007 goal #4)

2. Put this money in my account to increase the 'buffer' in my checking account. This puts me within $200 of my goal minimum balance. (2007 goal #1)

3. Use $200 to pay off the purchases on my credit card from online christmas shopping. Rest can either go to the medical bill I owe or towards my school loan.

4. Open a new savings account for Christmas/birthdays 2007 (part of 2007 goal #3).

Hmmm... what to do... what to do...

1 Responses to “Decisions, Decisions...”

  1. yummy64 Says:

    My suggestion - free btw (so worth what you pay for it)..is to get rid of debt. So get rid of number 3 - woo hoo your "need to do this to meet your goals" list is one item shorter now.. Then I'd put the rest on whichever bill is smaller the medical bill or the school loan.. that way you make the maximum visual impact and you can meet the goal of getting that paid off next and be as close to paid off as you can... make sense?

    Can you add $10 from other funds to make it a nice "even" $450?

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