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Credit debt payoff vs. "nest egg" for home? [View All]

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Flaxbee Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-15-04 12:58 PM
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Credit debt payoff vs. "nest egg" for home?
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So, say you sell your home and have some $$ left over after the home loan is paid off, and you're getting ready to move to a new town, but
you aren't sure if the town you're moving to is the one you want to stay in forever... would you use the left-over money to pay off all credit card debt and have a little $$ remaining, or would you pay off about 2/3 of the debt and have a more substantial "nest egg" for a future home purchase? Of course, you're completely confused about what kind of home you want, anyway - house, loft or boat.


Keep in mind you don't yet have a job in the new town, so some money is going to have to go to rent and survival while job hunting....


What would YOU do?
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