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Author: MetroChick Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308644  
Subject: Re: Student Loans, Consumer Debt, & Savings, OH Date: 2/18/2014 11:16 AM
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I would pay the car off first, mainly because most people need a car to work, it has an unknown lifespan, so at some point will need to be replaced, and if someone hits your car you're only going to get current value, not replacement value. Once the car is paid off, I'd take 1/2 the car payment and put it into a savings account for the next car, and the other 1/2 would get sent as additional paydown to the student loans. And I would try and keep your cars as long as possible.

If any of your student loans are private student loans, I'd pay those off first after the car.
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