The Money Mustache Community

General Discussion => Throw Down the Gauntlet => Topic started by: Andrew928 on August 13, 2015, 03:41:47 PM

Title: Double Down: Auto Edition
Post by: Andrew928 on August 13, 2015, 03:41:47 PM
Brand new to the forum, just starting out my smart...er financial decisions and was inspired by this gauntlet section. I am starting my own DOUBLE D challenge for my car, The name of the game is to pay twice your minimum payment, if you can't make the full double try for 1.5.

Due Date: 2nd of every month
Minimum: $337
Double D: $674
Loan Balance: $20,602.90 (Yikes)


Anyone else with me?
Title: Re: Double Down: Auto Edition
Post by: KittyCat on August 13, 2015, 03:46:01 PM
That's what I did with my car :)
Title: Re: Double Down: Auto Edition
Post by: alsoknownasDean on August 14, 2015, 02:12:14 AM
That's a good effort (and I used that to clear some loans in the past), but not quite as good as selling it and buying something more sensible :)