https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Sat, 25 Jul 2026 10:25:00 +0000 https://boards.hellobee.com/topic/hypothetical-situation#post-1549092 Sun, 06 Apr 2014 11:10:46 +0000 sunny 1549092@https://boards.hellobee.com/ <p>It depends on what kind of debt and whether or not you have any savings. If you have high interest credit card debt I would put 100% towards that. If you have lower interest debt like a student loan or mortgage I would split it between savings and debt repayment. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549059 Sun, 06 Apr 2014 10:38:54 +0000 mrsrain 1549059@https://boards.hellobee.com/ <p>@Mrs. Pen: In that case I might split it up. Put a percentage into savings each month and the rest towards paying down debt. </p> <p>When will you get home?: just saw your last post and I think that sounds like a good plan :) </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549045 Sun, 06 Apr 2014 10:23:36 +0000 Mrs. Pen 1549045@https://boards.hellobee.com/ <p>@looch: haha okay! I'm still not sure... I think we may split it between the two. We definitely have a good emergency fund, but I feel better with a larger one. But the sooner we pay off these two debts we have (last ones other than DH'sstudent loan!), the sooner we can then pocket that money. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549042 Sun, 06 Apr 2014 10:21:45 +0000 Mrs. High Heels 1549042@https://boards.hellobee.com/ <p>Depends on the interest amount, but most likely throw it in debt because the interest is usually higher than what I could get back from my savings account! </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549040 Sun, 06 Apr 2014 10:18:43 +0000 looch 1549040@https://boards.hellobee.com/ <p>@Mrs. Pen: Sure, but that affects my answer! If it's an adjustment period, while you're figuring things out, I'd save it, just in case you do have a shortfall one month. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549039 Sun, 06 Apr 2014 10:15:44 +0000 Mrs. Pen 1549039@https://boards.hellobee.com/ <p>@looch: oh I have no idea. I asked this because we have to learn to live on less by a set amount. So we would like to take that amount and use it toward either in the meantime to adjust to living on X amount, before that set amount won't be there anymore. Does that make sense? </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549037 Sun, 06 Apr 2014 10:13:39 +0000 looch 1549037@https://boards.hellobee.com/ <p>@Mrs. Pen: so, what's the "right" answer supposed to be? </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549035 Sun, 06 Apr 2014 10:10:47 +0000 Mrs. Pen 1549035@https://boards.hellobee.com/ <p>@skipra: haha I wish I did too :) </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549022 Sun, 06 Apr 2014 09:33:59 +0000 HLK208 1549022@https://boards.hellobee.com/ <p>I would pay off debt </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549016 Sun, 06 Apr 2014 09:27:16 +0000 StbHisMrs 1549016@https://boards.hellobee.com/ <p>I would pay off debt, and then save the rest! </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1549002 Sun, 06 Apr 2014 09:10:45 +0000 skipra 1549002@https://boards.hellobee.com/ <p>I wish we had this problem!!! If I had a sufficient emergency fund, I'd pay off debt. Otherwise I would save it. Personally I'd probably split it between savings and paying down debt. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548784 Sat, 05 Apr 2014 21:57:56 +0000 Mrs. Pen 1548784@https://boards.hellobee.com/ <p>@CupQuakeWalk: hahaha. I'll wall you ;) </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548778 Sat, 05 Apr 2014 21:51:36 +0000 CupQuakeWalk 1548778@https://boards.hellobee.com/ <p>@Mrs. Pen: this whole convo is moot because ain't no surplus comin' anytime soon :silly: :wink: </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548764 Sat, 05 Apr 2014 21:40:03 +0000 PurplePumps 1548764@https://boards.hellobee.com/ <p>We just have a mortgage and a 0% car loan, both of which we are in no hurry to pay off, so savings. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548749 Sat, 05 Apr 2014 21:27:17 +0000 wonderstruck 1548749@https://boards.hellobee.com/ <p>Debt. We already have a decent amount in savings and pay extra on our mortgage whenever we can. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548748 Sat, 05 Apr 2014 21:26:38 +0000 cmomma17 1548748@https://boards.hellobee.com/ <p>@Mrs. Pen: I wish I had a surplus too! :silly: </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548746 Sat, 05 Apr 2014 21:23:44 +0000 Mrs. Pen 1548746@https://boards.hellobee.com/ <p>@CupQuakeWalk: haha everyone seems to be forgetting it's hypothetical. I don't actually have a surplus (I wish)... it's a different situation. But I was curious what people thought.</p> <p>Although, I suppose the "you" could be relative/generalized.. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548742 Sat, 05 Apr 2014 21:19:59 +0000 CupQuakeWalk 1548742@https://boards.hellobee.com/ <p>@Mrs. Pen: d epends!</p> <p>Depends on interest rate of debts<br /> And<br /> Whether or not you have a savings at all.</p> <p>For us, we would pay off debt because we have a hefty savings. Our debt is only our mortgage though and that is a very low %, so in reality we'd probably put it towards fertility treatment or something like medical deductibles. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548708 Sat, 05 Apr 2014 20:41:09 +0000 MamaMoose 1548708@https://boards.hellobee.com/ <p>Impossible to answer this question without knowing the interest rates and the specific financial situation (ie is there ANY emergency fund currently in place). </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548692 Sat, 05 Apr 2014 20:31:59 +0000 DillonLion 1548692@https://boards.hellobee.com/ <p>Debt represents risk. The best thing you can do toyour wealth potential and stress level is to eliminate that risk. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548649 Sat, 05 Apr 2014 20:08:52 +0000 artsyfartsy 1548649@https://boards.hellobee.com/ <p>We have a very small amount of debt (besides our mortgage) so I would throw it at debt so I can get rid of it quicker and put that money towards savings. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548629 Sat, 05 Apr 2014 19:56:16 +0000 LindsayInNY 1548629@https://boards.hellobee.com/ <p>Depends on the debt. I would put it towards credit card debit but probably not student loan or mortgage debt. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548625 Sat, 05 Apr 2014 19:53:34 +0000 reverie 1548625@https://boards.hellobee.com/ <p>I typically throw at debt, BUT I like to have a decent amount of "Oh Sh!t" money. If you have a savings cushion; debt it is. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548624 Sat, 05 Apr 2014 19:53:20 +0000 MoonMoon 1548624@https://boards.hellobee.com/ <p>If the debt is credit cards or car payments, pay down!<br /> Likewise, if you have no savings, save!<br /> I voted for paying off the debt, though. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548620 Sat, 05 Apr 2014 19:50:45 +0000 yoursilverlining 1548620@https://boards.hellobee.com/ <p>Depends on how much you have in savings. If you don't have at least $1k in savings, save it. If you do, if pay down debt. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548558 Sat, 05 Apr 2014 19:12:00 +0000 catlady 1548558@https://boards.hellobee.com/ <p>If you don't have a decent emergency fund or if the interest rate on the debt is very low, save it. Otherwise, pay off the debt. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548557 Sat, 05 Apr 2014 19:11:42 +0000 mlm2934 1548557@https://boards.hellobee.com/ <p>Debt assuming you have an emergency fund already. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548531 Sat, 05 Apr 2014 18:54:55 +0000 looch 1548531@https://boards.hellobee.com/ <p>The missing piece is what the interest is on both the debt and the savings. If I can make more in savings than what the interest rate is on the debt, I'd save it. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548526 Sat, 05 Apr 2014 18:53:50 +0000 mrsjazz 1548526@https://boards.hellobee.com/ <p>Pay off debt. I receive a reimbursement for not taking my jobs' health insurance and all of the money goes towards debt. </p> https://boards.hellobee.com/topic/hypothetical-situation#post-1548525 Sat, 05 Apr 2014 18:53:44 +0000 T.H.O.U. 1548525@https://boards.hellobee.com/ <p>Depends on what your savings looks like. </p>