Almost there...

Thursday, July 03, 2003

Just paid off my car loan. The balance finally got low enough that it seemed like the right thing to do. It would've been another year to pay off slowly, and even though putting that money into the bank instead won't exactly get me a high rate of return (since Wells Fargo is currently pay 1/4% interest on my savings), it will save me some money in interest charges, even though my interest rate was really really low. The cost of interest for the entire life of the loan was around $850. This saves me the last $140 of that. And it saves me one additional monthly payment. And it put a nice little dent in my savings so that I don't get cocky.

Now I just have to work on resisting the urge to get a hybrid for the next couple of years.


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