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The NEW Plan!

February 21st, 2010 at 02:37 pm

Ok, so we've got approximately 7,000 in savings for baby. I would like around 11,000 before I take my leave to cover all expenses and a few emergencies as well. Since I have another 7 or so months to accumulate this 11,000 I'm thinking we might have enough time to pay off T's student loan (~3250) and still save up that 11,000 before October. I'm still not sure if I want to put that money on his loan now, or keep saving and pay off the loan right before I take my leave, just to make sure we don't need it. Decisions, decisions!

3 Responses to “The NEW Plan!”

  1. monkeymama Says:
    1266766135

    I'd save and pay it off right before leave.

    A pregnancy leaves a lot of unknowns. We had planned to save 9 more moths of my dh's income, but he got laid off the minute I got pregnant with my first! Of course, I was lucky not to end up on bed rest or with a pile of medical bills, etc. It is extremely common. For all the unknowns you are facing - I would at least wait to see how things go before committing to the pay off.

    Good luck!

  2. homebody Says:
    1266805991

    I agree with Monkey, but then I usually do....

  3. baselle Says:
    1266808684

    Belated congratulations - since you are now saving for a third one, save like crazy, then pay off at the end when the uncertainties have resolved themselves...and that probably won't happen until a few months during your leave.

    Its not like the student loan guys will give you some of it back should you overpay Smile. At least credit card debt is a hair more fungible.

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