Quote:
Originally Posted by Scapegoat
i'm doing 3% into 401k... the truth of the matter is, 401k's suck right now, at least from what i've read.
i'm putting a little chunk of change into a savings account each paycheck. it's one i don't see the balance too as it's an auto draw for my car loan, but they only take out the monthly payment. I'll give it a look in 2.5 years when i reach the half way point on the auto loan and decide whether i want to pay off the car, or keep on saving.
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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.