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Thread: The balance between paying down debt and savings

  1. #291
    Senior Member Tradd's Avatar
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    Biopsy results from last Thursday’s procedure are NEGATIVE! Yay! Happy Snoopy dance time!!

  2. #292
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    Quote Originally Posted by Tradd View Post
    Biopsy results from last Thursday’s procedure are NEGATIVE! Yay! Happy Snoopy dance time!!
    Wonderful news!

  3. #293
    Senior Member iris lilies's Avatar
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    Great news!

  4. #294
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    Wonderful news, Tradd! Congrats!
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  5. #295
    Senior Member Rogar's Avatar
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    That's great. A huge item off the worry table.
    "what is it you plan to do with your one wild and precious life?" Mary Oliver

  6. #296
    Senior Member catherine's Avatar
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    Yes! Wonderful news, Tradd!
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  7. #297
    Senior Member Tradd's Avatar
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    Quote Originally Posted by Rogar View Post
    That's great. A huge item off the worry table.
    Yep. Sure is!

  8. #298
    Senior Member rosarugosa's Avatar
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    So happy for you, Tradd!

  9. #299
    Senior Member Tradd's Avatar
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    I was having an interesting discussion elsewhere about the size of TEMPORARY emergency fund while paying off debt. DR has recommended $1K for decades. Given the current inflation that is not going down, I think MORE than $1K is better, if you can swing it. The temporary emergency fund is supposed to take care of emergencies so you don't put it on a cc. There are too many things that can cost a lot more than that $1K emergency fund. I had $4300, but since I've had a lot of medical bills due to my surgery, I've taken $1K and thrown that at cc.

  10. #300
    Senior Member iris lilies's Avatar
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    Quote Originally Posted by Tradd View Post
    I was having an interesting discussion elsewhere about the size of TEMPORARY emergency fund while paying off debt. DR has recommended $1K for decades. Given the current inflation that is not going down, I think MORE than $1K is better, if you can swing it. The temporary emergency fund is supposed to take care of emergencies so you don't put it on a cc. There are too many things that can cost a lot more than that $1K emergency fund. I had $4300, but since I've had a lot of medical bills due to my surgery, I've taken $1K and thrown that at cc.
    Most cars repairs will be more than$1,000 so if one has older cars yeah, keep more than $1,000 as emergency fund. And if one owns a house, for sure $1,000 is not enough to cover a sudden repair.

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