I just moved into my new place a few weeks ago. The prospect of making an extra $300 a month to cover some debt is very enticing, also moving back in with my parents would allow me to pay $1300/month on my debt essentially wiping out my 16k LOC debt within the year. I would charge $1200, as my mortgage and property tax come to about $900.
What does personal finance think? Good idea? Bad idea? sacrifice my newly acquired freedom for one more year to be debt free??
I should Clarify, that even with the house I'm still putting down $500/month towards my debt.
What does personal finance think? Good idea? Bad idea? sacrifice my newly acquired freedom for one more year to be debt free??
I should Clarify, that even with the house I'm still putting down $500/month towards my debt.