Fez Posted April 27, 2014 Group: Royal Member Followers: 3 Topic Count: 683 Topics Per Day: 0.12 Content Count: 11,128 Content Per Day: 2.00 Reputation: 1,352 Days Won: 54 Joined: 02/03/2009 Status: Offline Birthday: 12/07/1952 Share Posted April 27, 2014 for the loans Get rid of those ASAP and dont make the banks any richer. Your better off to be debt free as much as possible so you can enjoy a worry free life. 2 flashy cars a marriage based on careers paying off a huge mortgage with kids being raised in child care never seeing parents while you work long ours to pay interest is no utopia. Make debt eradication your priority for the rest of your life over expensive toys and big holidays. You have the right idea with the jobs now though, make hay while the sun shines. This is the best advice here so far. Pay off debt. Saving is almost counter productive to paying off debt. Debt has a bigger interest payment than saving can gain you, For example (debt has a 4% negative interest rate, savings has a 2% positive interest rate). Pay off your debt, even if it is only a little more each month above the interest rate, That way the payments you make are eating at the capital debt, and not just maintaining interest, which is what your bank wants you to do! You can cut up 7 years off a housing loan, or months off a car loan if you do this. Link to comment Share on other sites More sharing options...
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