Quick Question: Snowflake or Car Downpayment?
Posted by mapgirl under Automobiles, Credit Cards, Debt, Motivation
[11] Comments
I got a happy call today from my boss. I was nominated for an award at work for being a stellar brownie. It was approved by upper management and I’ll be receiving $1500.00 on my next paycheck. After taxes and 401k deductions, I should end up with about $800-900.
The question for you is:
Should I snowflake my credit cards or save this money for a car?
Points to consider:
1. My emergency fund has been laid to waste. So I have no savings at all. If I forgo the car for another 6 months, the savings will restart my emergency fund.
2. Once my renter is in my condo, I will easily get back on track to pay off all my credit cards this year and meet my primary goal for 2009.
3. I don’t need a car. I want that car. (And yes Reader Nicole, it is a Subaru WRX STi I have in mind, but I have not ruled out a new VW GTI till I can test drive the 2010’s.)
I’m inclined right now to snowflake and finally kill off all my stupid consumer debt.
HALP! I’m suffering from an embarassment of riches today. (In a good way!)
