If you want to cut down on the loan interest I would do the following;
Pull 3k from your EF and put it towards the car loan.
Make the regular payment rounding up to $600 and continue your current savings path (Roth, 401k and taxable).
Put $400 per month (or more) back into your EF.
When EF hits 23k again pull 2-3k out and put it on the loan.
Pull 3k from your EF and put it towards the car loan.
Make the regular payment rounding up to $600 and continue your current savings path (Roth, 401k and taxable).
Put $400 per month (or more) back into your EF.
When EF hits 23k again pull 2-3k out and put it on the loan.
Statistics: Posted by mortfree — Sat Nov 16, 2024 1:10 am — Replies 27 — Views 1237