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Matthew Greco
  • Manhattan NY
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Two bill paying related questions

Matthew Greco
  • Manhattan NY
Posted Feb 21 2017, 08:47

Good morning BP,

Just got done listening to podcast #200, was recommended for a noob like myself. The talk about getting you life in order before making a deal, struck a cork with me.

So I have a $6k credit card bill at the moment. I've been making a little more than the minimum payment every month.

I have about 20k invested in the stock market at the moment.

The question is; do I pull $6k out of the market and just pay this debt? Or take less and pay down some of it?

My second question is about my car. I've been leasing a car since about the time I got my license. My lease is up in 5 months time. I don't drive nearly as much as I used to. I drive about a quarter of what I once drove. 

So I've made the decision to buy my next car, used. Do I also take money out of the stock market to pay for the car in cash?

Thanks a lot for the help. These questions have been bugging me.

Matt

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