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yeah, but it depends on rates.
take me for example.
i have 9k at 10% and $300 at 23% (dont' ask). i need to pay more on the bike than the little card. rates are important here because that is how much they are charging you for borrowing money.
haha, that isn't monthly silly. thats 23% over the year. so it's 2%/month. it will be paid off soon. the bike hits hard. it's almost .85%/mo. it's like $76/mo. in interest.blah i would *so* get rid of the $300 asap and then focus on the bike. you're paying more interest on that $300 than you need to. that's $69 in interest a month on that $300 - jeebus. so every month you drag that thing out, you're paying $69 just to cover the interest without touching the principal. you get that, right? carrying that $300 for 3 months at that rate costs you $207 in interest alone.
just reposting this cause i think you missed itthe day i can invest at a higher rate of return the than interest rates on my debt is the day my things will change.
300 at 23% APR = 5.75 a month
that same 300 at 10% costs you only 2.50
you're comparing total interest vs the value of that dollar
9k at 10% = 75 for one month
8.7k at 10% = 72.50 for one month
you're savings yourself 2.50 by spending 5.75 each month
you wake up on the wrong side of the bed or have you been taking lessons from total?mine is just going to my savings
I'm not an irresponsible ass clown, ergo I'm not in financial crisis. And I just bought a house. It's funny what living within your means will do for you
well, i can agree with thatI say let people lose their homes for buying homes with variable interest rates, they made the choice, this rebate could be used to offset the national deficit, fund the surge, any number of things. And fuck bailing out mortgage companies too, if they did something unethical arrest their ass and throw them in a federal "pound me in the ass" prison
no I'm just sick of this bail everyone out mentality
how the hell do you solve a debt based recession with a tax refund
I say let people lose their homes for buying homes with variable interest rates, they made the choice, this rebate could be used to offset the national deficit, fund the surge, any number of things. And fuck bailing out mortgage companies too, if they did something unethical arrest their ass and throw them in a federal "pound me in the ass" prison
Foreign Earned Income exclusion?
unless you're an employee working for the us gov't