REVscene Automotive Forum - View Single Post - Student loan repayment... sell the car? grind it out? your advice is appreciated.

Noir · 06-01-2015, 10:41 PM

Keep the car, even if just for the sake of your sanity. Sometimes being too responsible is not a good thing. Need to live a little and as long as that's under control, it's actually quite healthy.

I also am along the camp with banking that $22k. Emergency Fund > Debt Free. The way I look at it, I'd rather fuck up my credit than, than not have that safety net in life.

Plus, as long as you have that $22k, there's nothing stopping you from reversing your decision later in your 3 yr plan, and dumping that $22k in your SL. However, drop that $22K now and there's nothing you can do to reverse that decision or get that money back.

At least that's how I'm managing my own Student Loan repayment.

06-01-2015, 10:41 PM	#24
Noir Hypa owned my ass at least once Join Date: Mar 2002 Location: Japan Posts: 6,745 Thanked 1,314 Times in 540 Posts Failed 124 Times in 79 Posts	Keep the car, even if just for the sake of your sanity. Sometimes being too responsible is not a good thing. Need to live a little and as long as that's under control, it's actually quite healthy. I also am along the camp with banking that $22k. Emergency Fund > Debt Free. The way I look at it, I'd rather fuck up my credit than, than not have that safety net in life. Plus, as long as you have that $22k, there's nothing stopping you from reversing your decision later in your 3 yr plan, and dumping that $22k in your SL. However, drop that $22K now and there's nothing you can do to reverse that decision or get that money back. At least that's how I'm managing my own Student Loan repayment.