About Julie Zorgo Expertise I can answer questions about debt management, family and individual budgets, saving money, and living debt free.
I cannot answer large business type financial questions.
Experience I currently manage a
Debt Free Living Website. I have helped lots of every day people enjoy living within a budget.
Question I have a $200,000 mortgage, $60,000 student loans, 2 car loans around $5,000 each. I also have $10,000 in savings. Got married 3 yrs ago and a 2 yr old child. I was wondering what bill I should attack first? If I was given $5,000 should I put it towards the mortgage or something else?
Answer I would personally take the $5,000 you were give, as well as half your savings and pay off both of the car loans. Next I would attack the school loans, and finally the mortgage.
I hope that helps you out!
Thanks,
Julie
P.s. Don't eliminate your savings entirely. It's good to have some in the bank for an emergency.
