[Suzanne Oldham – Ambassador]

For the first time in a long time, I received a sizable tax refund. I returned to my Sum180 plan to determine the best way to allocate the refund dollars. I have three choices: I can pay down credit card debt, store dollars away for emergencies or save for next year’s college tuition payment. Or I can do a little bit of all three. Is there a recommendation in terms of how to prioritize “found money?”

[Sum180 Lead Coach]

Your question, Suzanne, highlights that all SUM180 Next Steps are not created equal. While you get three, some are more important than others. The biggest bang for the buck is to pay down credit card, hands down. Eliminating the interest cost of that debt will free up more found money for the other two. Good luck!