Real Answers for Life’s Money Challenges
I have about $20,000 in savings.
I owe $9,500 on my 2018 vehicle.
The $20,000 is for cash flow.
I do own a mobile home, no mortgage.
The most important question to ask yourself is: What purpose does the $20,000 serve for you?
When you say its for cash flow, does that mean you rely on the money for everyday expenses?
Or to float you between paychecks?
Or is it acushionyou rarely touch but feel more comfortable with day-to-day spending knowing its there?
All Smart Credit Card Users:
Debt can get out of control fast.
(Inflation, amiright?)
That doesnt mean you have to let your debt run your life.
Youre not obligated to eliminate debt before spending on something that improves your quality of life.
Dana Miranda is a Certified Educator in Personal Finance, author, speaker and personal finance journalist.
