re: #101 Ace Rothstein

The balance on my car is about $18,000 with almost two years to go to paying it off. The interest rate is 1.9%. I have the cash to pay it off and be done with the payment and it wouldn’t hurt me one bit if I did. Should I pay it off now?

You can get better interest in a savings account, I think. That 1.9% is way under the current bank lending and saving rates. Here in the UK I’ve got a building society savings account (ObUS: Savings and Loan) that’s paying 5% annual before tax.