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    posheak's Avatar
    posheak Posts: 51, Reputation: -1
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    #1

    Nov 11, 2006, 10:28 AM
    Six Ways To Spend A Raise?
    A hopeless optimist friend of mine have pointed out these best ways to spend a raise:

    1. Pay off high-interest debt.
    2. Build an emergency fund.
    3. Add to your retirement savings.
    4. Contribute to a flexible-spending account.
    5. Add the extra money to your mortgage payments.
    6. Use the money to beef up your kids' college fund.


    Makes a good deal of sense although each of us has a different set of priorities due to our individual financial situations!
    Which numbers fit your situation?
    J_9's Avatar
    J_9 Posts: 40,298, Reputation: 5646
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    #2

    Nov 11, 2006, 10:39 AM
    Sounds like Financial Peace University by Dave Ramsey. I think those are his words exactly!!

    Great ideas!!
    posheak's Avatar
    posheak Posts: 51, Reputation: -1
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    #3

    Nov 11, 2006, 10:46 AM
    Quote Originally Posted by J_9
    Sounds like Financial Peace University by Dave Ramsey. As a matter of fact I think those are his words exactly!!!

    Great ideas!!!!!!!!!
    Yes my friend had a book of Dave Ramsey, great ideas but don't apply to everyone at all times
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Nov 11, 2006, 10:49 AM
    I don't know, I have not seen a case it does not apply to, I have seen cases where the people don't want to apply it.
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