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Old 12-27-2019, 08:33 AM
Location: Phoenix, AZ > Raleigh, NC
16,087 posts, read 20,827,527 times
Reputation: 26588


Originally Posted by RotseCherut View Post
Appreciate your responses. I actually have no debt and just paid off $6000 debt on a 0% interest credit card that I didn't bother paying since I was making money just leaving the money in my 2% savings account. It looks like my savings account has gone down to 1.7% and I am going to ditch it and get another savings account I see that is offering 2.2%.

It sounds like a personal loan is the way to go, especially if you can walk out in 30 minutes with $25,000, although I would not take aloan out with 9% interest.. I'd just open up as many credit cards as I can. Indeed, I have been transferring balances on credit cards for a while since I had the money in the savings anyway, there was not much point in just paying it off when it is just money down the drain.
Do you realize how little all this shifting around is actually getting you?

$6000 at 1.7% for one year = $103
$6000 at 2% for one year = $121
$6000 at 2.2% for one year = $133

Surely your time is worth more than twelve bucks?
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Old 01-09-2020, 12:21 PM
Location: Nashville
3,535 posts, read 4,556,082 times
Reputation: 4587
If it can buy me 6 months of study time, it could land me a $200k job vs $60k job.. People pay a lot more on student loans for much less benefits.
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