Freedom Financial Bank

When it comes to prioritizing which should I do?

O.K., should I pay off my car as quickly as possible because it’s a huge minus in my income every month. I’m keeping the car, so don’t suggest I get rid of it. I like that car and I’m keeping it. I had it for a year and always wanted it when it came out in 2000. However, should I pay off the car as quickly as possible with multiple payments or start stacking my account for emergency money and pay one car payment at a time and continue to grow in my bank account with money, which is the wisest decision to financial freedom, or balance it out? Little for the account and a regular payment? What’s the smartest way to not have any debt worries?

Of the extra money that you would consider putting towards the car – take 30% and put in an ING savings account. Put the rest towards paying off the car.

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