I currently have a car loan with $16,556 left to pay at 3.4% interest. My minimum monthly payment is $306. I have $13,000 sitting in a high yield savings at 3.3% APY, and I'm in the position to save about $1051 a month, assuming I only pay the minimum. I'm going back to school this year to pursue a bachelor' degree. My employer is paying for my associate degree, leaving to only have to pay for the last two years. Does it make sense to pay off the debt as quickly as possible or save as much as possible while making the minimum payments?
Submitted January 21, 2023 at 03:31AM by rando765108 https://ift.tt/CjA1eqV
