2007-03-16 08:24:28 · 2 answers · asked by Claudio F 1 in Business & Finance ➔ Other - Business & Finance
We came into some money, and rather than spending it on new things, we paid off both of our cars, our credit card, and some school loans.
Look at all of the interest we didn't pay!
2007-03-16 08:32:07 · answer #1 · answered by Meg M 5 · 0⤊ 0⤋
I inherited 10K when I was 25 which sounds great but I was 100K in debt with student loans.. Instead of saving the money I paid it on my student loans, it is 4 years later the student loans are long gone, I have a Roth IRA that I max out yearly, I have a money market savings, and a vacation club which i never use and now has over 10K in it... I paid almost half my biweekly check each pay period towards the loans and saved more money on interest than I would have made in dividends.... I only owe for my brand new car now (which I make double payments on)
2007-03-16 15:51:36 · answer #2 · answered by M B 5 · 0⤊ 0⤋