Cash is inflated just as much as goods and services...
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I'm just under the $1200 mark of paying off my wife's Kia Soul. Payment was $277.00 a month for WAY too many months. But since about January I've been paying $100.00 a week since I can do that in person at my local Carmax. I know I should never say never but... barring some extreme circumstances never again will I finance anpther vehicle.Better off to pay off debt and ride this inflation wave out.....if your patient you'll have the cash to buy up the stuff that people are giving away to make ends meet.
If the debt is fixed rate and low then it's much better to pay it off as slowly as possible. Each month/year that goes by, the fixed payment becomes easier and easier to provide. This is true because of inflation in regular times, but is especially true with the bad inflation we are in.Better off to pay off debt and ride this inflation wave out.....if your patient you'll have the cash to buy up the stuff that people are giving away to make ends meet.
If the debt is fixed rate and low then it's much better to pay it off as slowly as possible. Each month/year that goes by, the fixed payment becomes easier and easier to provide. This is true because of inflation in regular times, but is especially true with the bad inflation we are in.