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New info on the SUV loan

November 4th, 2012 at 02:33 pm

We have decided to just continue to pay the $500 we have been paying on the SUV loan and just pay it off in Feb 2013.

This still puts us paying the loan off in under 3 years.

Due to some rumours at DH's work (possible slow down/shut down over Christmas), we think it is best to hang onto the cash and just continue as normal. It would have been nice to start the year off with only 1 debt left, but that's ok....I think we have done pretty good so far.

If I end up getting a good Christmas bonus as I have in the past, we may consider putting that towards the loan. It wouldn't completely pay it off, but it would be close. Our office has gone through some changes this past summer, so we are not sure what to expect as far as a bonus. Hoping it will be the same as last year ($1200), but not going to put the cart before the horse.

3 Responses to “New info on the SUV loan”

  1. creditcardfree Says:

    Having extra cash on hand is wise if you see a storm on the horizon! Good plan. Fingers crossed for a nice bonus, too.

  2. wowitsawonderfullife Says:

    Having experienced rumours before and having had them come true I suggest that you hold off on any extra spending until you know.

  3. Jerry Says:

    I hate rumors like that, because you never know if they will lead to anything or not... but it is definitely better to have the insurance of some cash on hand, than to wish you had it! Good luck and I hope it goes well with his work...

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