If I’m understanding your post correctly it sounds like you’re paying your student loan down an extra $1k a month? Depending on the terms of that debt maybe it would be better to pay the minimum on the student loan and extra on the car payment. If the interest is low on that student loan why rush to pay it off?
*most of my knowledge of finance comes from Reddit so please correct me if I’m wrong.
gingitdu t1_jaemtr6 wrote
Reply to How much should I spend on a car payment given my financial situation? by amanhasnoname54
If I’m understanding your post correctly it sounds like you’re paying your student loan down an extra $1k a month? Depending on the terms of that debt maybe it would be better to pay the minimum on the student loan and extra on the car payment. If the interest is low on that student loan why rush to pay it off?
*most of my knowledge of finance comes from Reddit so please correct me if I’m wrong.