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Awesome Sauce!!

June 18th, 2014 at 07:39 am

So that

Text is unconfirmed and Link is http://debt-freebythir-ty.savingadvice.com/2014/06/13/some-unconfirmed-good-news_115287/
unconfirmed good news is officially great news!!!

21% increase in salary. This is definitely going to entail some budget changes. I know for sure 2% will go to retirement to fulfill my company match. I was originally intent on splitting the rest between my car and
Text is Vegas and Link is http://debt-freebythir-ty.savingadvice.com/2014/05/14/a-big-decision_108897/
Vegas. However, my car only has $5500 left, I'm debating going gazelle on it and trying to have it fully paid before my Vegas trip (double the celebration!!). My struggle would be that I'd have much less cash saved up for the trip than I would like.

Oh but how good it would feel to free up that $317/mo...Any thoughts?

6 Responses to “Awesome Sauce!!”

  1. Petunia in a Flower Garden Says:

    Yes!!! That's a fabulous increase! I don't have any advice re: paying off the car versus saving for your trip, but just wanted to say Congratulations!

  2. creditcardfree Says:

    Congrats! How much do you need for Vegas? I would figure the amount, divide by the number of months you have to save and set that money aside each month or pay period. You will then have that money you need for the trip. Put all the extra money towards the car. Your loan balance is low and likely will not cost you much to keep a month or two longer to have the cash to go to Vegas. If you come back from your trip with extra cash put it towards the loan.

    You will love not having a car payment!!

  3. debt-free by thir-ty Says:

    Thanks Petunia and CCF!!

    CCF, I think that's probably what I'm going to end up doing. My issue is that I'd like to have as much cash as possible to be sure my mom has a great time since she really enjoys gambling. She pays penny slots though, so I'm thinking $100/day is plenty. And then there's the rest of us...and activities...and food...My head's spinning just thinking about it. I had originally planned $1500 cash plus the 0% interest card for anything not requiring cash (which I'd pay long before the 15 months is up), but I actually think $3000 would be a much more comfortable buffer and I wouldn't be reliant on the card. I know it isn't the worst thing in the world to delay the car a month or two, but it's such an internal struggle to just get rid of it now that it's getting so low. I know I will definitely enjoy no car payments!! Although I actually plan to put half of the car payment to my debt snowball and the other half to start building up the car account for maintenance / my eventual replacement car, so it's still sort of half a car payment...just one with no interest Smile

  4. creditcardfree Says:

    I think you have a good plan!

  5. Nika Says:

    wonderful news, now you can really get some traction!

  6. Joan.of.the.Arch Says:

    I don't know beans about planning a Vegas trip, but I just wanted to high five you on the promotion and raise!

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