• Date Started: Jan 5, 2008
• Entries: 44
• Comments: 184
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I NEED YOUR ADVICE, PLEASE!!!

10 Responses to “I NEED YOUR ADVICE, PLEASE!!!”

1. SicilyYoder Says:
   July 24th, 2008 at 05:19 pm
   I would pay the loan off.

2. momcents Says:
   July 24th, 2008 at 05:31 pm
   If you feel comfortable with paying it off, then pay it off. As for me, I like the idea of money in the bank, but might accelerate the payments to pay it off sooner. I think it all has to do with whatever makes the most sense to you and your household.

3. Apprentice Fun-Frugalist Says:
   July 24th, 2008 at 05:33 pm
   I would pay it off... you could add your son's 200 a month back into your savings....
   
   

4. creditcardfree Says:
   July 24th, 2008 at 05:47 pm
   If the loan is just in your names and son is paying the full payment...then I guess I would not pay it off with your money. In fact, I would then use the money to reduce your truck loan balance...even though you don't have to pay interest. The sooner you are done with payments...the sooner you can add more to retirement savings.
   
   
   
   

5. Broken Arrow Says:
   July 24th, 2008 at 06:40 pm
   Well, if you can swing it, and assuming that the title is in your name, you can pay it off. And then, when your son pays you off, you can change the title to his name.
   
   Something like that.

6. merch Says:
   July 25th, 2008 at 05:51 am
   Pay it off.

7. koppur Says:
   July 25th, 2008 at 06:32 am
   Pay off the loan.

8. Myrtle Says:
   July 25th, 2008 at 08:22 am
   I would pay it off. I just hate debt. Sometime just the joy of being free of a debt is worth it. best wishes.

9. Carolina Bound Says:
   July 25th, 2008 at 08:29 am
   Oh yes, pay it off. Surely you are paying more in interest than you are earning in savings.

10. greengirl Says:
    July 25th, 2008 at 06:51 pm
    if you're worried about it that much, you could pay off half of it, just to keep both sides happy :d

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