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Message
re: Paying Car Off
Posted on 2/11/13 at 12:24 pm to Crimsonsaint24
Posted on 2/11/13 at 12:24 pm to Crimsonsaint24
quote:
I currently owe about $9,266.00 on my car and I will have everything paid off except my house. My question is I have about $8,000.00 saved in my savings account should I take this and put it towards paying the car off? I also have a emergency account but I don't touch that account unless of a emergency.
Just pay extra every month, that way, you reduce the principal without having the painful experience of saying goodbye to your entire savings. Plus, you can continue to build your savings while paying off the car faster.
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