What I Would Do With $25,000
There is a reason I’m making this post, but I will explain that at another time.
I got to thinking last night about the five year plan I posted just prior, and if I had $25,000….how much of that plan would be taken care of.
For example:
Goal #1 - Pay off the mustang. I have about $7k left on the car, this would be completely paid off.
Goal #2 - Pay off my fathers debt. His medical bills from his hyperbaric chamber treatments would be paid off, and his loan with HSBC would be paid off. That’s about $6.3k.
Goal #3 - Pay off the people who raised money to help out me and my father in our time of need. That’s about $6k (In reality it’s about $7k but the sweetheart won’t let me pay him back).
Goal #4 - Have 6 months worth of expenses in an emergency savings fund…which would probably round out to about $8k or so. The $5700 left over from the $25,000 would go into savings for this on top of my $3k I already have in it.
That would be more than half my goals reached, just like that. My father and I would be completely debt free except for the mortgage. I can’t explain how amazing that would feel. Especially for my father. He’s been in debt for so long, and I’ve been trying so hard to catch up with it so he doesn’t have to worry about it anymore. He’s old enough, worked hard enough, and suffered enough that he deserves to be debt free while living the rest of his years on disability.
Here’s to wishful thinking.
Entry viewed times. Posted in Finance
