Made the final payment.

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Aug 23, 2011 | 09:12 AM

#21

Texas Fat Boy

Extreme HDF Member

Joined: Dec 2006

Posts: 10,045

Likes: 36

From: ST. Louis

Congrats, now go and pay off some more stuff. You'll thank me later.
I hate debt almost as much as I hate banks and bankers.

You'd be surprised how quickly you can pay off your house, if you take that bike payment money and apply it towards your house every month.

Aug 23, 2011 | 09:28 AM

#22

hog95023

Elite HDF Member

Joined: Apr 2009

Posts: 3,542

Likes: 161

From: Booming metropolis

Quote:

Originally Posted by jafhdo

Paying mine off next month. The only recurring debt will be the house payment.

Now the only question is whether I add it to house payment or put it into savings/investment to pay cash for the next one.

In todays economy its wiser to have the extra money free and availabe so I recommend saving it until you have at least 6 months with a goal of 1yr of monthly expenses saved in case of job loss etc.

Aug 23, 2011 | 09:31 AM

#23

leicafish

Outstanding HDF Member

Joined: Jun 2007

Posts: 3,364

Likes: 33

From: So Cal The Golden State

Too Cool

Owning is always better than oweing

Aug 23, 2011 | 09:43 AM

#24

Tele00

Tourer

Joined: Jul 2008

Posts: 491

Likes: 1

From: Mass.

One more reason to smile while you're ridin ...

Aug 23, 2011 | 10:25 AM

#25

vistavette

Stellar HDF Member

Joined: Jul 2009

Posts: 2,476

Likes: 193

From: Las Vegas, NV

Quote:

Originally Posted by hog95023

In todays economy its wiser to have the extra money free and availabe so I recommend saving it until you have at least 6 months with a goal of 1yr of monthly expenses saved in case of job loss etc.

I agree; Cash is King.

Aug 23, 2011 | 10:52 AM

#26

HDJIM1158

Road Warrior

Joined: Mar 2009

Posts: 1,614

Likes: 27

From: Toms River, NJ

Congrats..... I was lucky enough to buy my last two cash.... good feeling. Ride Safe

JIM

Aug 23, 2011 | 10:53 AM

#27

equandt

Road Warrior

Joined: Aug 2006

Posts: 1,575

Likes: 7

From: Wisconsin

That is one of the best feelings in the world, making the last payment. The only thing better is when you get the title in the mail from the bank.

Aug 23, 2011 | 02:28 PM

#28

jafhdo

Cruiser

Joined: Jun 2010

Posts: 142

Likes: 0

From: Northern Virginia

Quote:

Originally Posted by hog95023

In todays economy its wiser to have the extra money free and availabe so I recommend saving it until you have at least 6 months with a goal of 1yr of monthly expenses saved in case of job loss etc.

Already done + 12 weeks of vacation time banked