Re: Do you pay extra car payments?
Beef up the EFund until you can cover any short-term crisis such as a refrigerator going out or unexpected car repair or having to fly out to a funeral or some such. I'd get at least $2000.00 put back for such stuff.
Okay I'll say my little mantra again - Past, Present, Future.
I'd get anything that I'd HAVE TO charge covered w/the $2000.00 then I'd take whatever extra money I had and split it - say if you have an extra $250.00 that you could play with - I'd take $80 of that and CONTINUE to put it monthly to the EFund (future) and $150 to the car paydown (past) and I'd take $20 smackos and take me'darling out to eat at a 'beanery near me (present). But hey, that's just us.
This multi-faceted approach is how I worked getting us out of CC and car loan payment hell.
Listen to DisneySteve - he knows what he's talking about.
|