Comments on: To Pay Off or To Save? http://thebudgetingbabe.com/2005/09/22/to-pay-off-or-to-save/ A personal finance blog for career minded women with small budgets and big dreams. Wed, 09 May 2012 23:42:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nicole http://thebudgetingbabe.com/2005/09/22/to-pay-off-or-to-save/#comment-659 Nicole Wed, 26 Oct 2005 03:35:00 +0000 http://thebudgetingbabe.com/?p=131#comment-659 Oh I'm paying like a 3% interest rate on my student loans. It's very cheap. More annoying than anything. Oh I’m paying like a 3% interest rate on my student loans. It’s very cheap. More annoying than anything.

]]> By: Empty Spaces Inc. http://thebudgetingbabe.com/2005/09/22/to-pay-off-or-to-save/#comment-658 Empty Spaces Inc. Tue, 25 Oct 2005 02:37:00 +0000 http://thebudgetingbabe.com/?p=131#comment-658 whats the interest rate you're paying in your student loans?<br/>if its higher than 6% i'd suggest paying it off first.<br/>the reason is because of what i read in 2 books<br/>1. bull! by maggie mahar<br/>2. yes, you can time the market by ben stein.<br/><br/>both of them claim that the average investor only makes 6% on average per year over a 20 years period and that the much hyped 11% return in stocks is a myth.<br/><br/>that being said, i have no debt other than my mortgages[which makes me over $1million in debt]. I also rent my own home. my goal for 2006 is to double my debt ! whats the interest rate you’re paying in your student loans?
if its higher than 6% i’d suggest paying it off first.
the reason is because of what i read in 2 books
1. bull! by maggie mahar
2. yes, you can time the market by ben stein.

both of them claim that the average investor only makes 6% on average per year over a 20 years period and that the much hyped 11% return in stocks is a myth.

that being said, i have no debt other than my mortgages[which makes me over $1million in debt]. I also rent my own home. my goal for 2006 is to double my debt !

]]> By: Empty Spaces Inc. http://thebudgetingbabe.com/2005/09/22/to-pay-off-or-to-save/#comment-645 Empty Spaces Inc. Tue, 04 Oct 2005 05:35:00 +0000 http://thebudgetingbabe.com/?p=131#comment-645 i think i read somewhere that unless you're company offers a matching contribution, you're better off putting your money in a self-directed IRA and a Roth IRA. i think i read somewhere that unless you’re company offers a matching contribution, you’re better off putting your money in a self-directed IRA and a Roth IRA.

]]> By: Nicole http://thebudgetingbabe.com/2005/09/22/to-pay-off-or-to-save/#comment-440 Nicole Sun, 25 Sep 2005 22:02:00 +0000 http://thebudgetingbabe.com/?p=131#comment-440 Deleting the spam.... Deleting the spam….

]]> By: mara http://thebudgetingbabe.com/2005/09/22/to-pay-off-or-to-save/#comment-431 mara Thu, 22 Sep 2005 23:00:00 +0000 http://thebudgetingbabe.com/?p=131#comment-431 I agree with tershania. the first two are clearly BLOG SPAMMERS!<br/><br/>That said, thank you for posting this article nicole! I was just thinking about whether to put more into my student loan or start diversifying my investments when a little bit of my income is freed up next month.<br/><br/>One thing kiplinger forgot to mention about student loan interest deduction: <a HREF="http://www.bankrate.com/brm/itax/tips/20010405a.asp" REL="nofollow" rel="nofollow">It's deductible only up to a point</a>. The current phase-out income level starts at $50K, and over $65K doesn't get a tax cookie at all. With or without the deduction, the terms on my student loan are favorable enough that I think I'll focus on other things before rushing to pay it off. I agree with tershania. the first two are clearly BLOG SPAMMERS!

That said, thank you for posting this article nicole! I was just thinking about whether to put more into my student loan or start diversifying my investments when a little bit of my income is freed up next month.

One thing kiplinger forgot to mention about student loan interest deduction: It’s deductible only up to a point. The current phase-out income level starts at $50K, and over $65K doesn’t get a tax cookie at all. With or without the deduction, the terms on my student loan are favorable enough that I think I’ll focus on other things before rushing to pay it off.

]]> By: tershania http://thebudgetingbabe.com/2005/09/22/to-pay-off-or-to-save/#comment-428 tershania Thu, 22 Sep 2005 20:07:00 +0000 http://thebudgetingbabe.com/?p=131#comment-428 That article is right, it's always contribute to your IRA and 401K as much as you can and then tackle the debt. At least that's what Suze Orman says on her show. Fortunately, I don't have student loans and my money goes to my 401K and make IRA contributions when I can to make sure it maxes out by the end of the year.<br/><br/>Nicole...I think the first two comments are spam comments. =)<br/><br/>Terry That article is right, it’s always contribute to your IRA and 401K as much as you can and then tackle the debt. At least that’s what Suze Orman says on her show. Fortunately, I don’t have student loans and my money goes to my 401K and make IRA contributions when I can to make sure it maxes out by the end of the year.

Nicole…I think the first two comments are spam comments. =)

Terry

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