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re: paying off vehicle loan

Posted on 7/3/15 at 10:00 am to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/3/15 at 10:00 am to
Congrats. It's a good way to live.

Now just make sure you stuff your retirement accounts with the money that you aren't paying on the car note.
Posted by Gorilla Ball
Member since Feb 2006
11782 posts
Posted on 7/3/15 at 1:45 pm to
Yes indeed - about 2 years ago I created a spread sheet and put down all my cc debt with interest rates etc. I was pretty disgusted with myself and vowed never to be in that situation again.
I have for the most part of my working life saved 15% and contributed to Ira and even have several roth accounts that have done quite well, but I guess I failed in paying down cc debt.
Well it didn't happen over night but took about 18 months to remove that debt.
So the money I was using to pay cc cards I upped my investment options
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