Quote:
Originally Posted by Giccin
Hah. I'm not doing that. I have money saved up for the FRS/BRZ (roughly 12k) but I'm waiting to see how things go before I just dump all that money into Yaris payment.
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Generally speaking, it makes more sense to get rid of interest bearing debts. I used to work in a bank a long time ago and had to go to a lot of training courses and shit. One thing they always used to tell us is that it makes little sense to "save" while you have debt that accrues high interest. Interest for debt is always higher than interest for savings, so you are never truly saving.
Plus, Imagine if you could take the monthly amount that you currently save, and add it to the payments that you make on the car, how much you'd be able to save in a month. It'd add up fast I bet. Just saying.