Log In Sign Up

Question on Investment

Forum: Financial Planning and Budgeting


Welcome to the JustMommies Message Boards.

We pride ourselves on having the friendliest and most welcoming forums for moms and moms to be! Please take a moment and register for free so you can be a part of our growing community of mothers. If you have any problems registering please drop an email to boards@justmommies.com.

Our community is moderated by our moderation team so you won't see spam or offensive messages posted on our forums. Each of our message boards is hosted by JustMommies hosts, whose names are listed at the top each board. We hope you find our message boards friendly, helpful, and fun to be on!

Reply Post New Topic
  Subscribe To Financial Planning and Budgeting LinkBack Topic Tools Search this Topic Display Modes
October 2nd, 2013, 07:31 PM
Join Date: Oct 2013
Posts: 1
Hi. I'm new to this Forum and I wanted some financial advice. maybe you can make a suggestion.

My net worth is about $120,000 including about $25,000 in credit card debt. I'm paying a low interest rate with Citibank on the card. A large portion of my money is in the stock market where I do pretty good.

My question is, is it better to pay off my credit card debt with some of my investment money? The money is liquid.

I rather not go to a financial analyst to ask them.

Thanks in advance.

Reply With Quote
November 6th, 2013, 01:14 PM
MrsEskimo's Avatar Member
Join Date: Oct 2013
Posts: 44
My best advice, Steph, is not to ask on a forum. Even people who seem intelligent may not be the expert they claim. A brief meeting with someone at your bank may be free, and even if not, it may save you money in the long-term. Without knowing more about your income and savings - not that I want to know - I can't really be of help. I will say, though, if you're able to put your money to work and earn more than you're paying on the credit cards, do that and use part of the proceeds to pay off the debt. Start with the smallest debt and work upwards.
Learn Free Ways to Make Money : Moneymaking Mothers
Latest Method: Flip Domains For Dollars - the easiest way I know to make money, and fast!
Reply With Quote

Topic Tools Search this Topic
Search this Topic:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT -7. The time now is 04:19 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2015, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0