re: pay the 3% transfer fee or drain my savings?

quote:

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Are you sure you won't be in the same predicament 15 months from now?

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Well, as predicaments go this isn't a bad one. If he can roll over his debt at about the rate of inflation (3% for 15 months) he's doing just fine. In fact, it's good money management to do so.

That said, it's certainly a good idea to keep building savings as quickly as possible along the way.