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As if I don't already have conflicting priorities...

June 27th, 2014 at 09:30 am

I've been struggling between debt payoff and my first ever family vacation. But something new just crossed my mind. As some of you may remember, I live rent-free with the family I babysit for in exchange for 10-15 hrs/wk babysitting. Last summer, they traveled abroad for a month, so it was nice to be able to enjoy the summer and not have the commitment. They aren't traveling this summer, but since both parents will be home most of the time, I've also been given the option to lighten my babysitting hours and just keep up with the laundry/dishes. While this is wonderful for my social life, it's a little concerning in that they may realize they can get by without me now that both parents are home. It's got me thinking that maybe I should start my move-out fund, so I'm not caught off guard. I really only need about 3k and that's if I want to be really safe (1 month's deposit, a month ahead on rent, and moving expenses). I don't want to end up having to scrap the money last minute (if they only give me 30 days notice), but I also hate the idea of the money just sitting there if they keep me around for the next 6 months or so.

I guess the obvious solution is to feel out the parents to help guide my decision so I'll start there...

5 Responses to “As if I don't already have conflicting priorities...”

  1. CB in the City Says:

    I think a move-out fund is a wise move in any case.

  2. debt-free by thir-ty Says:

    CB, it was always coming, but I just sort of planned to do it beginning 2-3 months before I actually wanted to move. If I do start it now, would you advocate putting all excess towards that and dropping the car to minimums for 2-3 months until it's funded or some sort of split between the two?

  3. FrugalTexan75 Says:

    I think I'd get the fund first before concentrating on debt. The peace of mind that would give would for me at least outweigh the debt payoff taking a bit longer.

  4. Amber Says:

    I agree with the others, start with the move out fund and then move onto your debt
    Wishing you the best

  5. CB in the City Says:

    Agreed, get the move-out fund where it should be, and then concentrate on debt.

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