Last post I mentioned what I was planning on doing with our tax refund. I spoke things over with T last night, and he seems on board with my new idea: get rid of that stupid car loan!
The plan is to put 5,300 onto the car loan, reducing our loan to 3,375. This means we'll be able to pay it off by April 16th. That'll save us $210 dollars a month and mean we only had the car loan for 3.5 months before paying it off in full! Now if anything decides to change (see previous post, I don't feel like going into it again here) we may rethink this strategy because we will want to start saving more and not throwing so much at debt, but we'll see.
Rethinking Tax Refund Strategy
February 8th, 2010 at 03:19 pm