I am going to be making a little extra money soon and was wondering which would be more beneficial in the long run financially. Should I pay off my car before starting a savings account? I pay $215/mo for my car but because I don't own it my insurance is full coverage and i'm paying ALOT. Paying off my car would get rid of that $215/mo bill + lower my insurance dramatically. At the same time though I feel like I really need to start a savings account (im 26). Struggling with what to do first. Thanks for the read and advice!
August 10, 2018 at 12:18AM