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SVTPerformance's Chain of Restaurants
Road Side Pub
Another "what would you do" financial situation
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<blockquote data-quote="LS2GTO" data-source="post: 14812607" data-attributes="member: 73731"><p>I'd put all the money that I need into this savings account, the rest as a downpayment towards the car.</p><p></p><p>You will end up with a higher payment each month, but given that you now have $1200 a month freed up you can use that to pay off your loan faster.</p><p></p><p></p><p></p><p>Sadly, you are most likely losing out on free money regardless. Employer matching isn't the only way to fatten up your 401k with free money. But seems like you've set your mind between savings (that most likely earns you 0.05% and a car payment).</p></blockquote><p></p>
[QUOTE="LS2GTO, post: 14812607, member: 73731"] I'd put all the money that I need into this savings account, the rest as a downpayment towards the car. You will end up with a higher payment each month, but given that you now have $1200 a month freed up you can use that to pay off your loan faster. Sadly, you are most likely losing out on free money regardless. Employer matching isn't the only way to fatten up your 401k with free money. But seems like you've set your mind between savings (that most likely earns you 0.05% and a car payment). [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Another "what would you do" financial situation
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