I hate having this dilemma...
Well, most of you know that I've been bikeless for over 1 1/2 years now, but now I have a REAL dilemma on my hands. I'm currently in debt about 14K, but it's not all what I would consider "bad" debt. 4K of it is a 0% subsidy loan that I have 3 years before it has to be paid, 4K of it is at 6% int, which isn't too bad, 3K is about 11% and the other 3K is at 13%, both of which I consider "bad debt". Here's my problem: I currently have 8K that JUST came in from tax refunds, work bonus, and the sale of a stock that had dipped low enough to hit my trailing stop and sell. I have four choices of what to do with that 8K:
1. Pay off the "bad debt" and part of the 6% debt and have nothing left over.
2. Use the 8K as a down payment on a house, but keep the debt.
3. Pay off the bad debt and put the remainder into my retirement account.
4. Say hell with it all and buy a bike with the 8K.
So, what do my friends on TWF think I should do?