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4 Comments Already

March 21st, 2010 @1:15 am  

I’m not financial expert, but I’d recommend paying down your loans first, starting with the ones with the highest interest rates. With that philosophy in mind, I’d pay off the car loan first and put (some of) the remainder toward the mortgage.

The other projects can wait.

David Said,
March 25th, 2010 @3:07 pm  

Debt Sucks! Do everything in your power to get out of debt. Stop spending money on unneeded things for a year or two. You will feel better in the long run.

March 30th, 2010 @3:26 am  

As Michael Kwan said, pay of those loans with high interest. If you’ve paid your car loan, it will save you a lot of money in the future. Wich you could probably spend on a tv. Also paying of the mortgage will save you money later on.
A tv can wait if you still have a loan on your car.

Jason Said,
April 4th, 2010 @9:36 pm  

OK, so here is the problem. I want some of this stuff, and some of it will help me save money. Like the insulation. I think that will pay itself off in a year from the heating and cooling savings and increase the value of the house. I am also really thinking of the water softener as it will increase the comfort level in the house, save on cleaning supplies and again increase the value of the house. Actually, I can think of a good excuse to get everything on my list. I think the trick will be to prioritize and not take on any extra debt while doing everything I want.

I understand that paying everything off would be really nice, but I would have to live without to get there. I do not think I am prepared to do that. Keeping all of this balanced really is tough 🙂

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