Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Getting a raise, help me plan"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]Depending on what rate the car loan is, I wouldn't pay it off if you are looking to get into a house. [/quote] Yeah, that's where I'm (the OP) stuck. The car rate is 2.9%. If we pay it off, that's 20k less that we'll have in our house fund....[/quote] If you loose your job and need cash, you'd have to sell your cars presumably. Better strategy: build that nest egg. 2.9% is free money. We are paying ours off this year but only because I'm tired of having them around. Financially it doesn't really make a lot of sense to do so. After the nest egg, I'd consider paying them off then only for two reasons - a $500 a month car payment might support $20k I'm car loans while $500 a month might support $100k in mortgage, and 2- plus the tax deduction. But if you want "smart money".... The answer is to let it roll at 2.9%, invest the difference and (likely) earn a rate in excess of 2.9%.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
