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The Watercooler
What is the wise thing to do with extra money?
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<blockquote data-quote="meowbunny" data-source="post: 144200" data-attributes="member: 3626"><p>Pay off the credit cards. Cancel all but one and put it where it isn't handy. Truly save it for emergencies. Shred any new offers that come in the mail IMMEDIATELY!</p><p> </p><p>Even $3-4,000 can add up to a lot, depending on the interest (and how much it will go up when the introductory offer is gone). Ask any financial adviser, the first thing they tell you is to get rid of credit card debt, even small amounts. If you're not going to do that, you may as well give it to BBK, it will have about the same effect for you -- a quick gratification with nothing real behind it.</p></blockquote><p></p>
[QUOTE="meowbunny, post: 144200, member: 3626"] Pay off the credit cards. Cancel all but one and put it where it isn't handy. Truly save it for emergencies. Shred any new offers that come in the mail IMMEDIATELY! Even $3-4,000 can add up to a lot, depending on the interest (and how much it will go up when the introductory offer is gone). Ask any financial adviser, the first thing they tell you is to get rid of credit card debt, even small amounts. If you're not going to do that, you may as well give it to BBK, it will have about the same effect for you -- a quick gratification with nothing real behind it. [/QUOTE]
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What is the wise thing to do with extra money?
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