The very first loan I ever got was for a used car. I had found out I was pregnant a few months prior so my husband and I went to the local dealership to find a good deal on a safe and reliable “family car”.
I wouldn’t say it was the best financial decision we ever made, but we love our Pilot and now we would love to pay it off. I just did some calculating and with just my side hustle money, I will be able to pay it off over 2 years early, saving about $1000 in interest. And that is with me still donating to charity and putting some money into savings.
My game plan is 10% to charity, 20% to savings, 50% to the auto loan, and 20% for misc expenses. I’m so ready to knock it out!
Share some of your tips that have helped you pay off loans early! I’d love to hear them!