$7500

[MickeyFinn]

Just got a check for $7500. Do I:

1) Pay off the remaining $5k on the auto loan and bank the rest for monthly bills
2) Take a few months off to finish the book
3) Save it for the house I want to buy
4) Slowly use it for tuition
5) Something else? Help me out here

[Tammarion]

Paying off debt is always a good choice, unless theres wierdness like early payment penalties.

[Solomente]

Not #2...

[Grundy]

6) Sell the other kidney

[Ivyrielle]

What about a combination of 1 and 3?

[Brey]

6) Sell the other kidney

Hehe... seeing your post reminds me.... last night the family was taking a ride around the new town (moved to Ga. last week) and we passed Grundy Chiropractic. I may need to take pics or sumfin. :)

[MickeyFinn]

Arg, now that I have it I don't want to use it! I guess I should, but I have no credit card debt and my only loans are low interest. I can't buy a house, so wtf?

[Elvtin]

Yaah... I'd go with pay'n off loans and such. That way you'll have extra money in the long run from not having to pay those each month. But like Tamm said.. if there's penalty's maybe pay what u can on them then bank the rest. :)

[lukaris]

invest some in boeing and put some in the loan...

[MickeyFinn]

Boeing is trying to spread into an industry known for catastrophic bankruptcy, layoffs, and unpredictability. I'd rather wipe my rear with it- at least I'd be clean that way.

[Tammarion]

Well low interest is still interest - and its gonna be more than anyones gonna give you for a deposit.

Basically the way I see it, paying off loans is pretty much the same thing as saving money, but at a higher rate of interest. If you need money, you can always borrow it again.

[Grundy]

The only reason to pay off the auto loan is if its a higher rate than what you can expect from an investment. You say its a low rate, but if its lower than say 6% you MIGHT be better off keeping the loan and investing.

Unless you loan is really low I say 1) pay off the $5k auto loan and 3) invest the remaining $2.k toward a house down-payment.

If your house purchase is short term (less than 2 years ) do a CD so you can protect your cash. If you have a few years find a nice no-load mutual fund.

[]LoL[Harm]

What grundy said.

[Allison]

What Harm said.

[Rooster]

Allison got a new keyboard!!

(or just gave up typing more than 3 words at at time)

[Allison]

Hehe. I haven't found one I want yet! I'm just learning to use words without the stupid non-working letters. :laugh:

[Cavan]

Hehe. I haven't found one I want yet! I'm just learning to use words without the stupid non-working letters. :laugh:

WTH... keyboards are like $10... for the "working" versions.... buy one in the meantime...

[Allison]

WTH... keyboards are like $10... for the "working" versions.... buy one in the meantime...

I know! I've veen to two plases looking for a simple keyvoard, vut all they had were the super-delooper ones with a ton of stuff I don't want or need. I guess I should just order one online. Stupid keyvoard.

[Cavan]

www.newegg.com... with shipping $13.59....

http://www.newegg.com/Product/Product.aspx?Item=N82E16823126013

[Allison]

Thanks!

[Ivyrielle]

www.newegg.com (http://www.newegg.com)... with shipping $13.59....

http://www.newegg.com/Product/Product.aspx?Item=N82E16823126013


It seems that keyboard was made just for you, Allison!

Logitech's Keyboards have been leading the competition in every way. Their model 967738-0403 just continues the trend and at a great price to boot. The 104 main keys are in their old familiar places -- no surprise here. The keyboard is designed to last, and its spill resistant design is going to keep accidents to minor annoyances. This is the keyboard to get for a price that is out of its world.

[Grundy]

She is the Queen of Spillage!

[Solomente]

I know! I've veen to two plases looking for a simple keyvoard, vut all they had were the super-delooper ones with a ton of stuff I don't want or need. I guess I should just order one online. Stupid keyvoard.

Maybe your problem is that they don't know what a "keyvoard" is...???

:fuct:

[Allison]

Don't make fun of the poor little keyvoard-hallenged girl!!

[lukaris]

can always buy me these: ;) ;) ;)

http://www.autoanything.com/exhausts-mufflers/61A3563A0A0.aspx

http://www.autoanything.com/air-intakes/61A1913A0A0A2603812.aspx

i'll even give you the hat! har har

[MickeyFinn]

Well, that's the last time I make a serious post here.

[Cavan]

Well, that's the last time I make a serious post here.

Don't be upset Mickey... this is a classic LoL thread.... starts at Point A... and hits a tangent.... :)

Paying off your car loan is an option... BUT... it's probably a known interest rate that will not go up.. it's a secured debt... and it's insured... if you wanna pay if off do so... but I'd say save or invest the money... if you're saving for a house... talk to a financial consultant... find the best place to put the money that makes you the best return... but doesn't penalize you for taking the money out at a later date to purchase a house...

[Morety]

Well, that's the last time I make a serious post here.

Threat or promise?

Put the money where the interest is the highest, be it debt or investment.

[Allison]

One more thought here ... know yourself. What I mean is this: The most finanially responsible thing to do is to pay off the loan, save what's left, and start adding to that savings with the money you were using for car payments. (Assuming you're paying more interest on the loan than you can make in savings.) That's the smartest move.

However, and firstly, if you need time off to finish a book, then do it. I wouldn't recommend it, but only you know if that's what you need, and you're young enough that it wouldn't be a total disaster, so long as you use the time wisely and don't fuck around. Again, only you know if you can do that and if you need to do that.

Secondly, you want to save for a house. Again, the smartest move finanially is to pay off the loan and save save save. but what if you're the sort of person who doesn't save well and will just spend the estra car payment money on drugs and whores? If you know you're not going to put that money away every month, then it might be wiser for you to just sock away the entire $7500. It's like people who have too much taken out of their paychecks as a sort of forced savings because they know they're irresponsible and would just spend the estra money if they didn't. Yeah, they won't earn interest on that money all year long like some people will, but losing that interest is better than not saving anything at all.

So, know yourself. If you're able to finish your book without taking time off; if you're able to handle your bills and tuition without dipping into the $7500; if you're able to sock away that car payment every month, then pay off the loan and get to saving. Otherwise, make your decision on what you know about yourself and what you're able to do.

[Golmacmourna]

honestly, I don't know what other option you have than to dig yourself out of the hole to the extent possible. Time off always sounds great, but few people have the drive to operate in a vacuum. Plus, the fuel that helps me write, anyway, comes from everything that interrupts my writing and gets in the way.

[Slicks]

One more thought here ... know yourself. What I mean is this: The most finanially responsible thing to do is to pay off the loan, save what's left, and start adding to that savings with the money you were using for car payments. (Assuming you're paying more interest on the loan than you can make in savings.) That's the smartest move.

However, and firstly, if you need time off to finish a book, then do it. I wouldn't recommend it, but only you know if that's what you need, and you're young enough that it wouldn't be a total disaster, so long as you use the time wisely and don't fuck around. Again, only you know if you can do that and if you need to do that.

Secondly, you want to save for a house. Again, the smartest move finanially is to pay off the loan and save save save. but what if you're the sort of person who doesn't save well and will just spend the estra car payment money on drugs and whores? If you know you're not going to put that money away every month, then it might be wiser for you to just sock away the entire $7500. It's like people who have too much taken out of their paychecks as a sort of forced savings because they know they're irresponsible and would just spend the estra money if they didn't. Yeah, they won't earn interest on that money all year long like some people will, but losing that interest is better than not saving anything at all.

So, know yourself. If you're able to finish your book without taking time off; if you're able to handle your bills and tuition without dipping into the $7500; if you're able to sock away that car payment every month, then pay off the loan and get to saving. Otherwise, make your decision on what you know about yourself and what you're able to do.









This is a great post for someone with a bad keyboard that some keys dont work on!!!! :rolly: :rolly: :stupid:

[Allison]

This is a great post for someone with a bad keyboard that some keys dont work on!!!! :rolly: :rolly: :stupid:

Kut and paste for the win!!!

[MickeyFinn]

Threat or promise?

Niether! I was just getting your hopes up.

[Grundy]

How about purchasing one microsized maltese puppy for the full $7500...

http://www.divapup.com/puppie4086.jpg
New Litter of Micro Me
2 micro female maltese
These parents always produce pups in the 2 lb range
they will have baby doll faces, ice white coats and lots of it
they are going to be'' dolls''
Puppy ID: MM5
$7500 each

http://www.divapup.com/puppies_maltese.htm

(yes I kid you...the really teeny pups grow up very unhealthy)

[MickeyFinn]

i'd pay money to NOT have one of those.