All Questions
7
questions
0
votes
1
answer
239
views
Is it a good idea to take a loan just to build borrowing history? (United States)
Context
My current car, a hand-me-down from a family member, is 10+ years old with ~100k miles and starting to have enough problems that maintenance costs are quickly piling up. Over the last 2 years ...
- 178
7
votes
4
answers
3k
views
How to compare loan interest rate to savings account interest rate?
I don't understand how to compare my loan's interest rate to my savings account interest rate.
My savings account states:
The Interest Rate on your account is 4.0249% with an Annual Percentage Yield ...
- 173
8
votes
7
answers
6k
views
When is it worth taking out a loan for something I could pay in cash?
I'm trying to better understand the time-value of money and how to compare interest rates vs. investment returns.
In general, if I can pay for something in cash or short-term credit (paid off monthly),...
- 287
1
vote
2
answers
130
views
System of paying money for the apartment
I want to live in the U.S. for half a year and was trying to figure out how much the apartment price will be. I was looking at a shared room website and I found the word “from $875”or so. What does “...
- 31
38
votes
5
answers
9k
views
Should I dump my savings into my student debt?
I've got about $5000 saved up in my savings account.
At the same time, I've got about $8500 left to pay off on my student loan, with all the interest that includes (6%/year, compounded monthly).
...
- 4,374
1
vote
2
answers
225
views
Smartest Place to Put Tax Refund
Background:
I graduated from university 9 months ago with roughly $30k USD in student loan debt, with interest rates from 3.1% to 6.5%, minimum payments are $300/month. Loan balances are from $2500 ...
- 111
4
votes
6
answers
2k
views
Pay for a cheap car or take out a loan?
I have $2,000 in total in my savings account for a car but I am starting a better paying job in three months and I will need a car to get to it. At the moment, I am biking to my current job. I am just ...
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