Should i pay extra on a newer, higher rate lien or finish earlier on an older one?
we have two liens on two cars, #3 child sent us in need of a minivan for so many carseats. The interest on the minivan is 4%, and we just started. We've got 18mo left on our older car, but interest is 0.8%.
I've got 210 extra a month that isn't already going into various savings (401k, 529, savings). I think it should go to the minivan, but I can't shake the feeling that I'd like to pay off the other car sooner. Once that's done, I'd roll it's payments to the van, too. I don't have the big math skills to figure out finances saved on the van to compare against peace of mind.
Thoughts?
Submitted June 26, 2017 at 01:58PM by warutledge http://ift.tt/2u9GHYq
