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Reply to "Gifted a small amount of $ - what to do with it?"
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[quote=Anonymous][quote=Anonymous]Pay off the car.[/quote] 1. Pay off the car. 2. After that put 50% of the car payment into savings for an emergency fund. 3. Put the other 50% of the car payment into paying off the smallest student loan. 4. When that loan is paid off, repeat with the next smallest debt. It's called a debt snowball. Google it for more info. [/quote]
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