I’m a resident doctor thinking of taking a loan to keep the money Good morning everyone Ima 25 years old new resident doctor in saudi arabia thinking of taking a maximum loan to buy a car and keep the rest in an index fund or other investment, im planning on marrying after 2 years or so My current salary is: 4500$ monthly (no income tax) I don’t have any debts and the hospital i work at is close to my family’s…

Should I Pay My Car Loan Off Need some advice, currently I have $10,500.00 in the high yield savings account at 4.35%. My current car loan, I owe about 3043.00 at a 15.95 interest rate. I’m straddling the fence on what to do, any advice is helpful, thanks! submitted by /u/Proper-Connection-90

Should I overwork myself to pay off my student loan debt ASAP? 22y/o here, I recently got a good job, I start early November. This job is 50k a year and I make additional monthly bonuses on top of that 50k. I currently make 16k. I have 18k of student loan debt. My loans go as followed: 3,500 at 4.53% 5,500 at 3.73% 2,007 at 3.73% 4,500 at 2.75% 2,005 at 2.75% I am thinking of staying at my current barista j…

Should I take money out of my savings to put toward my student loan debt? 25F, single. I’ve been working as a nurse for 2 years in high COL state. Yearly income: $95k-100k Monthly take home pay (after taxes, health insurance, retirement contribution): $4600-6500 Savings: $18k in regular savings (going to transfer to HYSA) $13k in 403b Debt: $72k student loan debt -$21k @ 7.08% (parent plus loans in dad’s name that I…

Should I pay off my car loan? I bought a used car in 2021. There’s roughly $7k left on the loan at 4.39%. I’m currently getting 4.3% in my HYSA (high yield savings account). Obviously the rates are so close that it doesn’t make much difference, unless you factor in that I’m paying state (CA) and federal income tax on the interest from the HYSA. I have the cash to pay off the…

Advice for car loan? Long story short, I bought a car (in KY) last July. So I’ve had it for just over a year, and in that time it’s been in the shop more than I’ve been able to drive it. It started messing up in November of last year, it went in the shop in February, and it’s been a constant back and forth since then, up to present day. I still owe just under $11k o…

Transfer Talk: Juve keen to take Sancho on loan from United Juventus are keen to sign Manchester United’s Jadon Sancho on a loan that could turn into a permanent move for £60 million, according to reports. Transfer Talk has the latest.

Student Loan Debt Dilemma I have 21K in student loan debt and about the same invested in the market through mutual funds and equities. For some background i work as a Project Engineer making about 78K/year and I am 26 years old. My question is, what is you guys’ take on paying off all of my debt with the money i have made investing vs continuing to make the payments on t…

Should I take out a student loan or Pay for College as I go? So I am a 27 year old working part time and taking classes full time. I previously served in the National guard and am getting 65% of my yearly tuition covered. Roughly $4k a year I am paying out of pocket. I’ve been using savings and paying out of pocket each semester so that I don’t need to take out student loans. I have roughly $10k left righ…

Personal loan or auto loan, which is best in my situation? Long story short, my car died on the way to my home state for a medical/ family emergency. (Person who did oil change used wrong oil. Too expensive to fight in court) I had 6k originally, but with funeral homes and travel I only have a little over 3k and I refuse to go below that. Unfortunately, as a person who works and goes to school full tim…

I think my late grandma took out a loan in my name, what do I do? I went to college for a semester back in 2019, with the original plan to stick around long enough to get a degree. Going in, I was adamant that I didn’t want to take out a loan or otherwise be burdened by debt at just 17-going-on-18, and I was accepted into a school on financial aid and, iirc one or two small scholarships. I wasn’t paying anythi…

Can a veteran get more than one VA mortgage loan? Hi. I just heard that VA loans are based on total amount allocated to a person, not on number of loans. For example, if a veteran is allowed to have a total of $500K in VA loans, he can buy two houses, each for $250K with VA loans on each. Does anyone here know the rules regarding this? submitted by /u/rkim777

Should I pay off 20k of car loan or save up ? As the title says, I currently have a auto loan of approx 20k usd, should I pay this off and lower the debt/income ratio or should I just save up. The loan has a 7.75 percent interest rate and 4 years are left to pay off Any advice would be appreciated. submitted by /u/A-Sh-

Which loan pay off first Just wanting some advice on which car I should pay off first. My car I owe 7k at 3%. My husband’s car I helped him get because his credit was awful at the time we owe 25k at 13% his credit is now much better and he has learned a hard lesson from this. I have $1000 extra a month to throw at one of them I just don’t know which would be better. My …

Any downsides to leaving a car loan open after paying most of the loan off? Basically the title. I bought a car mostly in cash last year at a 5% interest rate. Had the money sitting in a HYSA as I was already saving up money to pay off student loans anyways. With student loans back I paid off every loan above my HYSA’s current 4.4% interest rate, including this car for the most part. What’s left on the loan is $800 and …

Plan 1 student loan – interest loans. Graduated a long time ago (hence the plan 1) interest rate is usually around 1.0/1.75 but in the last 2/3 years the interest rate has suddenly started accelerating until it’s now at 6%. Can anyone share light as to why or whether this is in fact how it’s meant to be? submitted by /u/penguins12783

Loan from parents… interest?? I am looking to purchase a home with my boyfriend in the next year or so. My parents have offered to buy said home in cash within our budget of around $400,000-$450,000. My boyfriend and I would then pay them back in monthly payments like a regular mortgage. How does this work with interest though? Obviously rates are very high right now and not…

Why a Pawn Shop Is Better Than a Payday Loan in an Emergency It’s a universal rule of finance: If you’re seeking a short-term loan to cover an emergency expense, you’re not in a good place, financially speaking. But since most of us have very little savings in the bank, most of us aren’t in a good place financially. So when an emergency expense comes up, the only options are… Read more…

Check If You Qualify for One of These Student Loan Grants Student loan bills are due once again after a pandemic hiatus (yes, even if the government shuts down). The Biden administration’s Saving on a Valuable Education (SAVE) Plan allows many borrowers to lower their monthly payments—some all the way to $0—but some people may also qualify for grants or loan forgiveness… Read more…

Student Loan Repayment Options I’m looking at my student loan repayment options. I’d heard that the SAVE plan would be better than what was previously available, but looking at it now it looks too good to be true. Compared with my current plan, my monthly payment would be less and the total I’d pay would be dramatically lower. The only drawback is that I’d end up paying a lit…