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re: What to do with end of year bonus

Posted on 1/15/17 at 3:57 pm to
Posted by prostyleoffensetime
Mississippi
Member since Aug 2009
11515 posts
Posted on 1/15/17 at 3:57 pm to
Pay off the vehicle and use the rest to get that personal loan down to 10K... Or vice versa, depending on the interest you're paying. Then, just use the money you would be paying on those notes to get further into the market.
Posted by quadfest
NOLA
Member since Aug 2010
232 posts
Posted on 1/15/17 at 5:21 pm to
My interest rates for these are 2.9 and 3.75. Is there an argument to be made for these being "good debts" with low interest rates, and instead of paying them off, just invest the money in vanguard, esp if avg 8-10% returns.

I have been putting an extra $50 towards the car each month an extra 300-600 each month for the $50K loan.
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