Date: 2005-09-21 09:43 pm (UTC)
If I had $20k to spend on whatever, I'd:

Pay off all debts: $7k
Buy a halfway decent used car: $10k

For the remaining $3k, I'd put it into a little travel account and use it to go to contests.

And if I were to assume that I'm debt-free in such a situation, I'd probably put that $7k in the travel account and use it to go to fun things like the Hawaii Pro-Am, the Arnold, WSW, and stuff like that.
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