spending money left and right
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Shelby commented:We did that last month too! Grad school loans, they were.on Wed Feb 7 23:28:01 2007 |
Andrew commented: I keep toggling back and forth on what to do about my student loans. Right now, in lieu of an actual decision, I am accruing money into a money market account. Since the account gets 4.8% interest and my loans are at 3.5%, I don't feel too badly about this. The temptation is to accrue the balance of the loan, and then just let the interest from the money market (or a higher rate cd) counter the interest from the loan and just take the full 10 years to pay it off. On the other hand, being completely debt free would feel really good. As i said, I'm of two minds about this subjecton Thu Feb 8 09:11:33 2007 |
David commented: Obviously, the best choice is to accumulate the money so long as you can get a higher rate investing somewhere. Effectively, paying your loan is the same as investing in something with that loan's interest rate. You would never choose to invest in something that gets you 4 percent if you can get 5 percent elsewhere. My problem was that my loans were at 5.9 percent or so. Thus the choice was easy. Of course, there's also a question of one less bill to pay (if you are writing checks), and one less thing to think about (even if you aren't).on Thu Feb 8 09:50:05 2007 |
Anonymous commented: someday I will pay mine off, but righ tnow I am only pays 2% in interest...so I figure...why hurry.. Albion was wayy too expensive. Coburnon Thu Feb 8 13:03:39 2007 |
Nikki commented: Congrats... but of more interest... wotcha buying on eBay? ;)on Thu Feb 8 14:39:48 2007 |