ASK_IF_IM_PENGUIN t1_j2cadq7 wrote on December 31, 2022 at 4:32 AM

First things first, why do you think it's a total loss?

Secondly what are you spending the rest of it on?

This is important. If you need to, do. If there's additional waste that's up to you but that's also ok.

lost_girl_2019 OP t1_j2cktm5 wrote on December 31, 2022 at 6:12 AM

I said total loss in reference to stocks or something like that where I could easily lose money. With $50 a month, it wouldn't be the end of the world. I plan to put other money in a HYSA, help pay off debt and other things. I'm not sure what you're saying in your last point.

Full_Prune7491 t1_j2cwlpd wrote on December 31, 2022 at 8:35 AM

Depending on the interest rate or your debt, you should be paying that first before HYSA.

lost_girl_2019 OP t1_j2damy5 wrote on December 31, 2022 at 11:48 AM

I agree, but here is my situation. Most of the debt is my husband's, who is SEVERAL years older than me. I am happy to help him pay off the debt, but want to start putting some money back for when he is eventually gone. I agree that I should help pay down debt first so I'm not stuck with that in the event he passes, but I also worry about loss of his income. I don't know if that makes sense. Still seems like I should pay the debt down first.