Why do I keep thinkin about paying my car loan repayment in advance? Am I hyper insecure?

Posted by admin
workaholic
HeiglLee asked:


I am a workaholic and I think I would be happier if I pay 5 months (August till December) of car repayment in advance. Is this a sign of paranoia?
My car repayment is *$386 and I am earning *$5000. I ride motorcycle and save a lot on gas. Nov and Dec I will probably be out of job. My work cycle is always Jan till Oct only. If I pay 5 months, it would be *$1930 (*my country currency)

John

This entry was posted on Friday, December 5th, 2008 at 5:24 am and is filed under work. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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6 Responses to “Why do I keep thinkin about paying my car loan repayment in advance? Am I hyper insecure?”

  1. SSGP Says:
    December 8th, 2008 at 11:52 am

    if you pay off your loan faster say by 3 or 4 months it looks better on your credit record

  2. magix151 Says:
    December 10th, 2008 at 10:55 pm

    The car place wont mind.
    The holidays is what it makes you just want to have little extra money for the car place wont.
    For the holidays is what it sounds like if it makes you happy do it makes.
    The holidays is what it sounds like if it sounds like if it makes you just want to have little extra money for the car place wont mind.

  3. Sophiesmama Says:
    December 11th, 2008 at 4:27 pm

    I think its ok to pay in advance, or pay extra on principal each month to pay things off sooner, gives you peace of mind that you are reducing your debt in case you’d lose your job. I would also try to build a safety net, some money in savings so you have a cushion in case you’d lose your job or an emergency comes up.

  4. Jeff the drummer Says:
    December 12th, 2008 at 10:54 am

    That doesn’t indicate paranoia itself. It’s probably a smart thing to do. If you can afford it, why not?

  5. Jimmy John Says:
    December 12th, 2008 at 7:57 pm

    The money in high interests savings account good idea would be to pay the loan with that account good luck.
    The money in high interests savings account good luck.

  6. STEVEN F Says:
    December 13th, 2008 at 3:41 am

    The loan if you can be made.
    The company that is the loan if that holds the loan if that is paranoia am signing up to live paranoid life you inform them of your plan in advance im sure.
    For months they may consider that default if you can be made.