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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Yeah! Date:  8/14/2003  2:30 PM
Author:  rosietomato Number:  167871 of 312188

>Of course during this time I also got a Jeep Grand Cherokee and I just went into contract on a house. I plan on having the last two credit cards/personal loans paid off by the beginning of next year when I will then turn my attention to paying off the car and my $30K student loan!
What was wrong with your Saturn? Why not keep it for a few more years, pay that off and your other debt, put extra money away so you wouldn't need a car loan at all when the time came for another car.

Question: Is a $26K jeep worth the equivalent of a $30K student loan? Education seems like a 'good debt', car = 'bad debt'

Just a thought.

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