at least generally aware
- May 27, 2006
- Reaction score
Sound logic.In theory I could pay off my car by this time next year. If we take the money we are not taking in the advanced child tax credit and add a little from our tax return (pending we get what we normally get), I could pay off a majority of the 5k I will owe around next March. If we want, we could pay it off all together. Then I could start putting back the 350 a month I pay towards my next vehicle. Sooner or later, my wife’s car will be past the money to repair or put repair money towards new car if a major issue comes up. Trade in is already at 3k, retail is 5k.
Do it. Dave Ramsey would approve.