It is my highest interest loan with a balance of $4200, and I have the funds to pay it off completely. I usually dump a larger sum into a Roth IRA whenever I can to meet the $5500 limit per year rather than make monthly contributions to it. My employer also matches 6% on a 401K, which I will probably start investing in. Is there any reason why I should just keep paying the monthly $50 rather than pay this off completely? Seems like 5% is a high enough interest loan that paying it off earlier would make sense.
Submitted August 15, 2017 at 02:31PM by thevidyy http://ift.tt/2w7uBo2
