How do I figure out if I can get ahead by earning 6% if I have an 8% loan?
At first glance, the answer is obvious
, you don’t get ahead. However, sometimes we get confused and think that since an account (say at 6%) has an increasing balance while a loan (say at 8%) has a decreasing balance, we might be able to get ahead. Let’s look at it to see the whole truth of the matter.
T… Continue Reading
Since we are writing this in 2009, there are some true 0% car loans in the market place
due to the economy in general and the condition of the automobile industry in particular. However, knowing the whole truth about your money is critical in knowing how best to finance a car and there is much misinformation around this area. Don’t be sucked into making higher pa… Continue Reading