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Reply to "Help me spend my car payment!"
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[quote=Anonymous]Yes, I've seen a lot of people have success with the snowballing method: list those credit cards lowest to highest balance, pay off the lowest balance first, then move onto the next. So, throw that $350 at the Amex first! One caveat, do you have what is sometimes called a "life happens" fund? This is a smallish savings account that you can use for things like car repairs or plumbing emergency, so you don't have to put those on the credit card. If you don't have that account yet, I would say, throw an extra $250/month at the Amex and put $100/month in a good online savings account like Ally.com. When the Amex is paid off, put all of the money you were paying monthly toward the USAA card. Good luck, you got this! [/quote]
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