What should I do?

[Anonymous]

In May of this year, the mortgage should be paid off. After Car insurance/Phone, I estimate around 300.00 or so dollars a month can be used to pay extra money on my bills on top of the current amount I am paying. I also recently opened a savings account that has is 4.10% interest.

Should I:

A) Put all 300.00 in the savings account, and save up to pay whole bills off at one time...
B) Use all 300.00 to pay off my bills quicker, putting it on the highest interest rate bills, and working my way down.
C) Put 200.00 on bills, and 100.00 in my savings account

I have around 12,350 in bills, including my Truck, Student Loans, and Credit Cards.

Any suggestions?

[Anonymous]

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wolfskies wrote:
In May of this year, the mortgage should be paid off. After Car insurance/Phone, I estimate around 300.00 or so dollars a month can be used to pay extra money on my bills on top of the current amount I am paying. I also recently opened a savings account that has is 4.10% interest.

Should I:

A) Put all 300.00 in the savings account, and save up to pay whole bills off at one time...
B) Use all 300.00 to pay off my bills quicker, putting it on the highest interest rate bills, and working my way down.
C) Put 200.00 on bills, and 100.00 in my savings account

I have around 12,350 in bills, including my Truck, Student Loans, and Credit Cards.

Any suggestions?

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If the intrest is higher on CC then 4.10%   pay them down!!

[BBYGRL]

Pay down the your credit cards - especially if they have APRs.

[Anonymous]

Do you have any savings at all?