We had some extra bucks this month due to my work bonus and overestimating the amount of money we would owe for our 2016 taxes - so I paid off my car this morning. I had my little girl hit SUBMIT on the keyboard. It was epic. It was epic because I never plan on having another car payment in my life.
Even though it’s a basic vehicle and the interest rate was a mere 2.9%, I still wanted to be free from that debt. It was the last thing standing between us and our assault on the mortgage.
How do you feel about “reasonable” car payments?