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Thank you Stock Market

July 14th, 2011 at 10:15 am

It's been the number one reason I contribute money to savings. So even more money today!

+ 2.00

Almost there...

3 Responses to “Thank you Stock Market”

  1. uRabbit Says:

    I find it strange that you have stocks, but only $400 in savings. Pretty backwards. I would be paying all extra income (such as that which you are using to pay debt) to pay towards my emergency fund ($1,000 min), auto repair/maintenance fund ($500 min), healthcare fund ($200 min).

  2. KiwiJo09 Says:

    I don't have stocks. I follow the rise and fall of stocks. When the stock market rises, I add $1 to my savings account. On top of normal savings. And I'm building up my emergency fund.

  3. uRabbit Says:

    Interestingly strange.

    Well then, I notice you are contributing about $200+ per month towards your credit card(s) debt. I would make only the minimum payment until you have the needed EF built up. Also appears that you're paying down your car (or want to).

    Have you heard of the snowball method? Payoff highest interest line first, while paying only minimum payments on others. Then move on to next, applying what you were already paying, on top of the next debt's minimum.

    Not sure if you are doing it or not. Just looking out.

    Good luck! Smile

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