Echase, good for you realizing there is a problem and taking action. CL: I know you are part of a team but if it was me I would do the car loan first because once paid off you could put all that $ on the home equity loan. Our debt includes a very low mortgage of 400/month and a low car loan. The car is paid off in 10 months and since we don't drive a ton should last many years. That car is 10 years old with 42k/miles and our other one is 62k/miles on an 8 year old car. When one of them dies I am thinking we will try having 1 car since we can use Uber if we both need to go somewhere.
Got paid on Friday, so I went to the bank today and paid my $500 plus $500 more on the car loan. I should be able to make two more big payments on the car loan and then the minimum over the summer. If nothing comes up, I will finish paying it off before the end of the next school year.
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