So I'm staying with my parents after my divorce. My ex husband left me penniless… We have no kids. And all i want to do is save a lot of money and buy my own apartment and etc.
So i make $3k per month (after taxes, healthcare insurance and car insurance). I will be staying with my parents for a while.
My parents suggest that i should invest in an apartment and rent it out. The cost of owning an apartment is 90k to 150k in my area. I can buy it and rent it out to pay for mortgage and making extra income on the side.
But i need the money to save for a down payment or buy the condo cash Instead of getting a mortgage loan, I'm thinking about paying the condo off. So within 3 years i can save 90k-108k to buy the condo.
What should i do! Pay off the credit card debts or just save? The ex husband accumulated debts in the marriage but we have divided in half since i was married to him.
I need some advice. If i don't pay the debts I can save $9k in 3 months by December, but if the make the monthly payment, interest will be pilling up and it will take me forever to pay it off.
Please advice.
Read more: https://allmortgage.net/forum/should-i-pay-credit-card-debt-of-15k-or-let-it-go-to.html
