Personal Finance and Investing

3Hotdogs

(13,502 posts)

10. Your niece may not be entirely wrong --- depends on the interest on the loans she owes.

Mon Apr 26, 2021, 09:30 PM

Apr 2021

If its low interest student loans, that's one thing. If its credit card debt, how many funds will increase in value by 20 + %?

Figuring this out, I pay my credit cards 1,800 per month. They will be paid off next February, saving the 8k in interest I was paying before I began paying the loans down.

Next year, I can start saving/investing.

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The best investment book I have ever read [View all] Tomconroy Apr 2021 OP

Living below your means in your 20s can be damn hard Shermann Apr 2021 #1

I think both authors Tomconroy Apr 2021 #5

Red and bookmarked underpants Apr 2021 #2

compound interest these days is about 0.00000000000000000000000001% lol nt msongs Apr 2021 #3

Only if you were in a savings account Tomconroy Apr 2021 #4

When I was living in Ohio there was a man in town multigraincracker Apr 2021 #6

Thanks CommonHumanity Apr 2021 #7

I do really care about this subject. Tomconroy Apr 2021 #11

Thank you for your interesting post XanaDUer2 Apr 2021 #8

To everyone who claims it is totally, 100% impossible to save anything, PoindexterOglethorpe Apr 2021 #9

Your niece may not be entirely wrong --- depends on the interest on the loans she owes. 3Hotdogs Apr 2021 #10

If I remember correctly Tomconroy Apr 2021 #12

Yeah, if you're borrowing for "it," you can't afford it. 3Hotdogs Apr 2021 #13

This message was self-deleted by its author 3Hotdogs Apr 2021 #14