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Originally Posted by RunKC
Yeah I've done most of those. Forgot to mention I got a Roth IRA 6 months ago. I do own a house (as of January) and plan to gain equity over time. No credit card debt to speak of. I've always used my discover to pay for things like gas, Pay it off on time and use the rewards on things like an Amazon product I want.
I've actually cut a few expenses and have used them towards paying off my Accord, which is projected to be done by March, so that's progress.
I'm a frugal guy. I always try to live below my means and save where I can.
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This is great. Smart use of credit cards is excellent. Eliminating car loans is awesome.
Advanced tip -- in the future, if you have to use a loan to buy a replacement car, you can consider a home equity loan for the funds. Home equity interest will be at a lower rate, and will be tax deductible. Straight up car loans are at a higher interest rate, and not tax deductible.
Also, if you are paying PMI on your mortgage, then keep an eye on how/when to refinance and/or eliminate the PMI by either paying down the mortgage sufficiently, and/or through appreciation of home value.
More htan half the battle of getting to retirement is eliminating bullshit expenses in your life.