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Reply to "What to do first? Debt vs Savings/Retirement"
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[quote=Anonymous]So, I have the following in debt: Credit cards: $7K Car: $30K ($820 payment monthly w/48 months remaining) Car: $17K ($492 payment monthly w/48 months remaining) HHI is 230K. One of us receives an annual performance cash bonus ranging $15-20K. We have a first-grader. We are renting and have not been saving much for retirement or college (have family money for this but still want to save for college expenses). We are late 30's and early 40's. No emergency fund to speak of due to 6-7 months of unemployment. We are just now getting our heads above water from that situation. What order should the above to tackle these things and get on track? [/quote]
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