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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Another dip into Savings...
Post #155,311
by gdaustin
5/15/04 12:42:06 PM
Reply
New Another dip into Savings...
We're going to pay it off with savings, but after this, we don't have much left.

The interest is lower on savings than on the debt.
Post #155,343
by Yendor
5/15/04 10:05:40 PM
Reply
New You're better off in the long run that way.
It doesn't make it feel any better, I know, but it either saves or makes you money long-term, depending on how you look at it.
-YendorMike

[link|http://www.hope-ride.org/|http://www.hope-ride.org/]
Post #155,370
by ben_tilly
5/16/04 3:05:41 AM
Reply
New Not necessarily
There is a definite value in maintaining a fixed cash cushion as an "insurance policy". If you don't need it, you lose the opportunity cost. If you do need it, it is invaluable.

Cheers,
Ben
To deny the indirect purchaser, who in this case is the ultimate purchaser, the right to seek relief from unlawful conduct, would essentially remove the word consumer from the Consumer Protection Act
- [link|http://www.techworld.com/opsys/news/index.cfm?NewsID=1246&Page=1&pagePos=20|Nebraska Supreme Court]
Post #155,381
by Yendor
5/16/04 9:33:53 AM
Reply
New True 'nuff.
Speaking as someone who hasn't had that cushion in years, it's just normal for me not to think of it, really.
-YendorMike

[link|http://www.hope-ride.org/|http://www.hope-ride.org/]
     Credit Card payoff - (broomberg) - (7) - May 13, 2004, 11:01:35 PM EDT
         FYI, you should know this. - (gdaustin) - (6) - May 13, 2004, 11:23:49 PM EDT
             Ask yourself this. - (inthane-chan) - (4) - May 13, 2004, 11:57:56 PM EDT
                 Another dip into Savings... - (gdaustin) - (3) - May 15, 2004, 12:42:06 PM EDT
                     You're better off in the long run that way. - (Yendor) - (2) - May 15, 2004, 10:05:40 PM EDT
                         Not necessarily - (ben_tilly) - (1) - May 16, 2004, 03:05:41 AM EDT
                             True 'nuff. - (Yendor) - May 16, 2004, 09:33:53 AM EDT
             Another gotcha - (drewk) - May 14, 2004, 10:04:17 AM EDT

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