Well, today we got our tax return as a pending transaction in the bank. Just over $7,300!! The First-Time Homebuyer’s Credit that we took flipped our finances this year – instead of owing about $700, we got a LOT back.
But here’s where the rubber meets the road. I’ve now got a few things on my Discover card that I wanted to push out a little to pay off. About $2,000 worth – not a huge deal, but the house has cost a little more than I anticipated, and we’ve been getting some things for the baby that has helped that balance increase.
So, I can either pay for all the baby and house stuff, then get completely out of credit card debt with the remainder, and still have enough left over to really get set in several categories (like our emergency fund), or I can pay off the truck, freeing up $204/month.
Lately, I have been of the mindset to throw everything at the truck, free up the money every month, and then work on the other expenses as I can. But now that the money is in the bank, I’m not so sure.
Stuck in the same position, what would you do?