Dave Ramsey

[Bearcat]

Originally Posted by arrwheader

Right our mortgage is below 3% so not too worried about that. The vehicle loans need to go and we can pay extra on them we just need to start a plan with that and I probably need to accept I’m not going to be able to get super aggressive there and just do some and speed up the plan and save some interest there.

Definitely wouldn’t want to just hold onto a load of money without investing but have a decent cash reserve is nice and helps keep you out of debt in the future. Need a new car ok pay cash instead of getting another loan or something that comes up.

FWIW, a Discover Bank savings account runs ~3-4% interest and I believe you can get to your money quickly (if not immediately) if needed... at least better than sitting in a bank account or probably money market accounts these days (and it's more secure than having all your money in an account that's linked to debit cards or entered into other company's websites to pay bills, etc.).