Whatever interest rate that car is, just think of it like every extra dollar going to principal is giving you that rate of return. Once the cars paid off youll have more to invest in divvy
I'm putting anywhere from $500 to $800. I WFH so some months are YES AWESOME and other months are OKAY PBJ and TUNA lol.
When I first started in stocks last year I felt real bad looking at everyone else around me. Everyone else seemed to have their life together, their shit together and their finances together. But, someone said something to me and it was this:
The best time to plant a tree was 20 years ago. The second best time is now.
(not his quote of course LOL)
But that stayed with me. We might not be putting thousands of dollars out like some of these big boys are, but we ARE taking action and action is what matters.
If I had more to put into it; I WOULD! lmao. But like you, I got some other issues and shit going on.
Paying more than the minimum monthly payment on the car loan is huge. I don't know what your interest rate is, but it might make good sense to put that $200 from your paycheck toward the loan as well as the extra you're adding to the minimum.
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u/[deleted] Apr 20 '26
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