Quote:
Originally Posted by piku
Is your auto loan rate awesome? I'm guessing it's like 5% or something like that. If your savings account rate is 1% like most are right now, the best destination for all extra money is your highest rate loan - with the exception of whatever buffer you want to have for "I lost my job and I'm defaulting on everything" status.
|
auto loan is 2.99%, house is... 3.something
as far as 401k, from my understanding with the market right now, 401k ain't doing much. however, definitely get that free company money. g2 matches 50% up to 3%. currently putting away my own 3%, so getting 1.5%... will be going up to 6 or 10% in the future.
not sure what my savings is, i should take a look. but that account is sort of my "hide from me" savings account. I have my "i lost my job" account doing pretty well, and enjoy looking at it, but it's still my main savings at the time for everything. i may look into investing more in the next few years when i double the #