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debtfreesoon11

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  1. First poster here! I have the 2 following debts: Auto loan: $35,000, 1.75% rate, 5 years, $610 payments Student Loans: $27,000, 3.68% rate, 20 years, $200 payments I should not have bought the vehicle that I did and have realized this. But anyway, I have some extra cash and was looking to which debt to pay down first. !) The Auto rate is very low, likely below the rate of inflation. Also, I think I would be better off putting extra cash toward my retirement or mutual funds which would likely get a better return. 2) The student loans are beneficial becuase of their helping with my taxes. Anyway, which should I put this monthly amount toward, auto or student loans? Thanks!
  2. First poster here! I have the 2 following debts: Auto loan: $35,000, 1.75% rate, 5 years, $610 payments Student Loans: $27,000, 3.68% rate, 20 years, $200 payments I should not have bought the vehicle that I did and have realized this. But anyway, I have some extra cash in my monthly budget and was looking to which debt to pay down first. !) The Auto rate is very low, likely below the rate of inflation. Also, I think I would be better off putting extra cash toward my retirement or mutual funds which would likely get a better return. 2) The student loans are beneficial becuase of their helping with my taxes. Anyway, which should I put this monthly amount toward, auto or student loans? Thanks!
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