http://www.youngmoney.com/credit_debt/money_management/budgeting/Dollar-sense/ Money: Earn it, Invest it, Spend it Sun, 05 Feb 2012 17:05:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.youngmoney.com/credit_debt/money_management/budgeting/Dollar-sense/comment-page-1/#comment-948 gid Mon, 30 Mar 2009 08:59:19 +0000 http://75.145.89.9/?page_id=1541#comment-948 this is good advice. paying off high-interest rates is way better than playing the stock market. for example, I have a 5 yr car loan at 10.1% (because i didnt have a long credit history...1 credit card and no debt /sigh). Paying it off 2-3 yrs earlier would save me alot more than investing in a potential risky market. With that being said, I do setup savings and investment deposits automatically. nothing major, but better than nothing. I also tend to treat them as a 'bill' in my budget...so it always gets paid and i dont treat it as money i have (well, until i need it for an emergency). this is good advice. paying off high-interest rates is way better than playing the stock market. for example, I have a 5 yr car loan at 10.1% (because i didnt have a long credit history…1 credit card and no debt /sigh). Paying it off 2-3 yrs earlier would save me alot more than investing in a potential risky market. With that being said, I do setup savings and investment deposits automatically. nothing major, but better than nothing. I also tend to treat them as a ‘bill’ in my budget…so it always gets paid and i dont treat it as money i have (well, until i need it for an emergency).

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