Monday, February 18, 2008
MONEY MONEY MONEY!!!
Any Dave Ramsey people reading?? I found out this morning we are getting $7800 back on our taxes. Quitting daycare and living on one income really made a difference!! I have been thinking of the smartest way to use that much money. We owe $1,500 on that entertainment center, $3,900 on our 03 minivan and $82,500 on our house. They payment on the house is $720 a month but only $100 of that goes towards principal. I think the smart thing would be to sink it all on principal of the house. My dad said that was how he paid off our first house when I was little was using every tax return he got towards it. So what would you do? If I continue paying $500 a month on the van ($30 mth on interest), it'll be paid off by October. The entertainment center is 0% for a year. We have no credit debt at all.