I was talking with my dear friend who is our congregation’s accountant (and mine ) and asked her some questions about what to do with finances this year.  I’ve been realizing sometimes I go back and forth looking for the best logical answer but if I”m not an expert in the field it’s just me guessing one way or the other! I’ve started going to ask the expert   So I’m sorting through:  savings account or COD’s that mature on a rotating basis?  save money or pay off dh’s student loans?

Here is what she said:  Emergency funds really should be $3-5000 and if you have a real emergency you need that money to be liquid.  And after that pay off all debt but your house.  THEN move on to COD’s or other forms of investment.

She added that this is the best way to weather what economists say is on our horizon as a country.  I guess I know what I’m doing with the prebate