Skip to main content
No. of Recommendations: 1
I'd like a stud loan, please. How long do I get to keep him? :-D

I voted to use the $3,500 to pay down the Mort, car, and student loan, but that's not exactly how I feel.

I wouldn't personally consider a car loan to be "good" debt, but consumer debt. I would use the $3,500 to pay down the car loan, but it depends on the rate you're getting. If you've got a 0% or .9% loan, I'd keep it. Then maybe the student loan, depending on how low your interest rate is and whether you're able to deduct the student loan interest.

I would invest before paying down the mortgage unless you've got a pretty high mortgage interest rate.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.