Posted on
March 27, 2009
at
4:40 am
I would suggest that you keep that $2000 in savings. The goal is to have at least 3-6 months in savings before you begin to invest. The only time I would use that $2000 is to pay a debt that is presently being garnished from your checking account. Once you have your savings in tact, then seek out investing opportunities.
Posted on
March 27, 2009
at
8:04 am
I don't think its a good idea to invest for small amount even for after five years caliulate you interest for credit card bills. its not worthy
Posted on
March 29, 2009
at
12:02 pm
pay of your debts man, having debt is why we are all talking so why try and invest in something that will make you little profit
Posted on
April 2, 2009
at
3:41 am
Look you haven't Explained enough. What is your credit score? Have you been late on your credit cards? Is the other loan unsecured? There is NO WAY I would invest that money! I need more information? Rick
Posted on
April 3, 2009
at
8:58 am
Clear your dues first.You can work bette without the burden of debt on your shoulders.You have asked if you can invest it wisely.However , wisely you plan to invest, the return you get from thsi wise investment has to exceed the interst you pay on your loan [in your card],WHat is the point?You were after all able to save this 2000. Then why worry? You can pay these dues, and once again save the money without any credit card burden on your mind and concentrate slowly on other things.Rome was not built in a day! A carefree mind would help you achieve greater things.
