ProudNativeTexican wrote:"Pay it off", Having no debt is one of the greatest feeling in the world. There is no reason to to keep debt if you have money to pay it off. If you listent o Dave you will quickly learn that there is no reason to build credit. IF you pay for everything with cash.Will938 wrote:It looks like I'll be leaving school with $5,500 in debt. I actually have money on hand to pay this off, but with 6% interest I'm not sure if it'd be better to pay it off over the course of a year, eat a few hundred dollars, and build credit.
question....i have debt from both my vehicle and student loans. i have enough to pay both off but will have no emergency funds and no savings if i do so. help me to justify doing this. it's really hard to see all your savings disappear especially when it's going to debt. i know i shoudl pay it all off, i just have a hard time clicking the buttons. everytime i start to i get scared and thnk to myself...."what if i lose my job" "what if this, what if that".