Ah! Umhm. An excellent piece of financial wisdom. But, if I do this, it will take me two years to pay off the car and I won't have anything saved up at the end of my one-year. I also plan on applying my tax return (last year's was over $8,000) toward the car.
The exact take home figures from my new job are not worked out yet, but, it's looking like we will have approximately $2000 month of disposable income
rolleyes:what a stupid term). So after one month, my own car could be paid off entirely. I could push that payment (a modest $116 a month, since I only financed less than half of it) toward my wife's car, as well as all of the money that we are currently paying towards our credit cards, which we used to move out-of-state. That brings us to an additional $316/month (nearly doubling our monthly rate). On top of that, there will be about $1200 left over after $800 savings. I figure I can put a portion of that toward the car also, and then dump any additional monies into the savings on top of the $800.Although, Hijacker, I do see your point clearly, and as an argument, I find it insurmountable other than the fact that I want to position myself to move into a house ASAP. I will have access to the VA 0% option. But even if I do that, I want to have some money to either put into the house if necessary, or else start up a solid nest egg (or retirement fund or whatever... more research needs to be done in this area. This first 10K is both a goal and an experiment).
Finally, I would be less than honest if I denied that I'm also working toward that NSX (which I'm sure we can all understand :biggrin: ).
