Should I pay off a 0% interest card early? Hey all had a question. I booked a vacation with a 0% interest credit card. My balance is currently $2250 on the card and my 0% Intro APR expires for the July 2025 payment I have been paying about $200 a month sometimes a little more toward the credit card. This would ensure it’s paid off in time for July 2025. Should I keep doing that or shoul…

What June Jobs Report Could Mean for Interest Rates As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack.

Is Rick Beato right for thinking that social media is reducing interest in music? https://www.youtube.com/watch?v=TU96wCDHGKM In that video he makes a case that music consumption is lower, and in many videos he has criticized the quality of modern pop music while also praising the innovation of the lesser known artists. If you think he is right about lower consumption do you think he has the cause and effect the right way aro…

Is this photo of any interest? (night shot with longer exposure time and some tweaks) The second doesn’t have the “tweaks” submitted by /u/Gab1er08vrai

Why did my car loan interest rate skyrocket? Hi all, I got into an accident a few months ago and totaled my car. After the insurance payout, I went from around $12-13,000 left on my loan to around $800. My interest rate normally was 7.99%. I figured, with a payment of $320 monthly, I could pay it off in around 4 months. However I noticed my last payment only lowered the amount to $700 whic…

House 1 low interest rental, House 2 high interest primary. Sell House 1 to be debt free? House 1 Worth ~$500k with $220k left at 2.7% interest rate. Being rented for $2300 with monthly cost of ~$1800 which includes everything (maintenance, mortgage, etc). Lease ends on June 2025. By 2027, I can sell and be excepted of the tax since I lived there 2 years of the past 5 years. 4 bed, 2 + 1/2 bath, 2000sqft with 4000 sqft backyard+ 2 …

Figuring out how to optimize down payment vs. interest rate for a new home My wife and I recently purchased our first home (VHCOL area), and we’re currently in the process of finalizing the finances and the mortgage. The purchase price was $1.855M, and our lender gave us two options: 20% down payment with an interest rate of 7.375%, resulting in a monthly mortgage payment of $10250 25% down payment with an interest r…

Compound Interest Mechanics Hello, all! Please forgive me if I’ve missed this explanation somewhere, but I am trying to understand compound interest better so that I can explain it to someone else. My ex-wife sent a screenshot from a Facebook group giving the following advice: Instead of putting down $5k on a car and paying $1,077 monthly for 6 years, open a brokerage acco…

Does recasting a mortgage reduce interest paid monthly? I’m wondering if it makes sense to recast a mortgage but keep paying the same amount? All I can find is generic responses saying recast lowers payment. My goal is to pay as little interest as possible. Example: $200k remains on loan. Current payment is $1300 but paying $1600 so the extra $300 goes to principal. I have $10k for lump deposit. Let…

The Great Interest Rate Debate Why higher rates are replacing inflation as the thing to hate.

Should I use investment to pay off high interest loan? I recently found myself in an interesting situation where my company offered me a $600 monthly stipend to get my own personal vehicle instead of a company truck. The best part is that the stipend continues even after I finish paying off the car, so it makes sense to try to pay the loan off early. Here’s my current financial situation: I put a $1…

Freaking out about interest rate Can someone please help me understand interest rates? I messed up & I owe a debt collector around $3500. I spoke with them yesterday on the phone & he told me it’s 10.5% DAILY. I’m freaking out because that’s a lot of money everyday. I would never be able to catch up or even pay that off. How does that 10.5% daily work? I asked him over & over ,…

E.C.B. Is Likely to Leapfrog the Fed on Interest Rate Cuts With eurozone inflation falling, the European Central Bank has signaled it is ready to lower rates this week, diverging from the U.S. Federal Reserve.

Why The Zone of Interest Does Not Let You See submitted by /u/GameOverture

Doubling interest rate by refinancing car I’m in a really bad situation. I co-own a vehicle with someone and that person has back taxes, so the DMV blocked my vehicle from being registered. I cannot legally drive it. I can get my co-owner off the loan by refinancing but it would double the interest rate. Outstanding balance is $21,500 at 7.5%, I pay about $515 per month. Refinancing wo…

Inflation, Interest Rates and Oil Prices Have Jolted the Markets Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.

How IndyCar is managing interest from new teams While F1 is working to keep new entrants out, there are teams lining up to join IndyCar — and the American open-wheel series is welcoming them with open arms.

Wall Street’s Big Rethink on Interest Rate Cuts Investors see Wednesday’s Consumer Price Index report as a pivotal report card on inflation and the Federal Reserve’s next move.

Folks telling me to not to buy a house because of high interest rates (6.3%) while I have a lower interest rates (3.375%) but isn’t it contradictory? Folks telling me to not to buy a house because of high interest rates (6.3%) while I have a lower interest rates (3.375%) but isn’t it contradictory since e.g. COVID drove up the home price because of lower interest rates? If I buy at a high interest rate couldn’t I just refinance if it ever drops and also benefit same time on the effect of less…

Can I Interest You in a Brand-New Sparkling Water Brand? Hi, I’m wondering if I could interest you in a brand-new sparkling water brand. I don’t have a name for it, because it doesn’t yet exist. Every aspect of this product is still very early in the planning stage. But I can assure you that the name will probably be something fun and catchy, like Zoinks or Floop. Now that I hear it out loud, we’ll pr…