Date: May 11th, 2012 3:00 PM
Author: ...,,.,.,.,.,,,...,,...,.,.,..,.,.,.,.,,.,.,,...,,

Brothers, this is the choice I face:

100k savings, 100k loans

50k savings, 50k loans

0 savings, 0 loans.

Huge factor: I have a low paying (50k/yr) job, so I can't replenish savings that quickly.

EDIT: Also, getting raped on the loans at 7.2% interest

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670241)

Date: May 11th, 2012 3:02 PM
Author: Noobling

If your job is secure, I would keep maybe $5-10k and pay down loans with the rest.

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670252)

Date: May 11th, 2012 4:01 PM
Author: sealclubber

yep. op is a poor and needs to act like it.

even 10k in loans is $720 in interest per year which is noticeable on $50k/year income.

Make it $5k or $10k in savings, but then keep it there and pay any excess to loans each month.

personally, I'd make it $5k or even $0 if I had credit cards that had high enough credit for emergencies

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670670)

Date: May 11th, 2012 4:04 PM
Author: Noobling

There's a convenience factor to consider as well. If you have a few grand in the bank, you can autopay your CC and all your other bills without ever worrying about having enough cash on hand.

Might be worth giving up a couple hundred a year in interest.

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670694)

Date: May 11th, 2012 3:02 PM
Author: :D (handsome, sociable, charismatic, would make a good husband, dawg)

0,0

You aren't getting near 7.2 in any responsible investment

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670246)

Date: May 11th, 2012 3:08 PM
Author: ,;.;,.;.,;.,;.;,.;,.;,.;,.;,.;,.,;.,;.,;.,.;.,;.;,

you idiot, you realize liquidity gets a discount rate too dumbfuck

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670289)

Date: May 11th, 2012 3:12 PM
Author: :D (handsome, sociable, charismatic, would make a good husband, dawg)

That's a lot of jargon. Here in reality you are torching a lot of money.

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670318)

Date: May 11th, 2012 3:13 PM
Author: Midnight Cowboy (dat Haas School of Business )

180

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670333)

Date: May 11th, 2012 3:18 PM
Author: Mance Gaydar (Greetings)

Greetings,

BRUTALITY

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670370)

Date: May 11th, 2012 3:22 PM
Author: ,;.;,.;.,;.,;.;,.;,.;,.;,.;,.;,.,;.,;.,;.,.;.,;.;,

it means he might want more than a 7.2% return to bear the risk of losing his job and having 0 savings, you polisci shithead

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670397)

Date: May 11th, 2012 3:51 PM
Author: :D (handsome, sociable, charismatic, would make a good husband, dawg)

Wait, you don't have parents to bail you out? That's scary and reckless.

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670610)

Date: May 11th, 2012 3:55 PM
Author: ,;.;,.;.,;.,;.;,.;,.;,.;,.;,.;,.,;.,;.,;.,.;.,;.;,

right, assuming he has no bailout possibility, would you still recommend 0,0? especially in light of his current 50k job which doesn't sound like he's all that skilled/marketable.

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670634)

Date: May 11th, 2012 3:50 PM
Author: flyfisher110

MFE

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670603)

Date: May 11th, 2012 3:11 PM
Author: Cow goes Moo

jesus

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20670312)

Date: May 12th, 2012 12:50 PM
Author: ...,,.,.,.,.,,,...,,...,.,.,..,.,.,.,.,,.,.,,...,,



(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20676037)

Date: May 12th, 2012 12:55 PM
Author: Dickey Simpkins

ITE is crazy. Let's be risk adverse here. I'd pay off $80K and keep $20K.

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20676078)

Date: May 12th, 2012 12:55 PM
Author: ...,,.,.,.,.,,,...,,...,.,.,..,.,.,.,.,,.,.,,...,,

I'm leaning that way too, brother.

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20676085)

Date: May 12th, 2012 1:06 PM
Author: Dickey Simpkins

Paying a little bit of extra in interest is worth having the piece of mind to know that you have a nice stash in case things go bad.

(http://www.autoadmit.com/thread.php?thread_id=1946181&forum_id=2#20676138)