Tundras live: Dad jokes not allowed and IPA drinkers shunned and hair metal kicks ass

My grandfather was a finance guy and he always said anything you can keep off of the loan helps. Even if it's a wash same money down or paying taxes and tags seperate I'd pay them seperate and keep my payment lower. And because I almost exclusively buy used cars I'm still able to buy them outright or close to out right at purchase. and still have money set aside for taxes and title. I pay a car payment to my savings account when I don't have one for this reason.

 

I said we need someone smart. Not someone who makes fancy graphs. Any idiot can doctor up numbers and charts.

 

I don't see why those three things have to be mutually exclusive!

 

The top loan is missing the $2k paid in cash for the TTR right?

 

Exactly. There are cells at the bottom of the calculators that show Additional Payment. The bottom screen shot shows the $2K being applied at the start of the loan.

It's probably info overload but I wanted to include a screen shot of the calculators and the inputs, for proof of concept.

 

TLDR. Just pay cash and be done with it.

 

No prob, I appreciate it.

So..
Adam pays $18,984.13
Zach pays $18,728.92

 

ONLY if the interest on the loan is less than the potential yield on investing that cash.

 

I don't get it either, but it's a fact. Maybe a smart person can explain it to us.

 

Dave Ramsey would slap you.

 

It hasn't been in decades. We have made some purchases with 0 interest, furniture if I recall correctly.

 

Gotta give @LarryDangerfield a run for his money in the pretty pictures dept.

 

And if you use a sinking fund then you pay cash and have interest work for you instead of against you.

 

I haven't heard that term but, same principle as a high yield savings account?

 

A sinking fund is used to set aside money to pay for future expense. If you set money aside and let it accrue interest (or grow in a conservative money market mutual fund) then it grows with the added interest meaning you will have more than your principal invested (saved) to make the later purchase. Interest works for you.
If you get a loan to buy now what you cannot afford then you must pay interest that fights against you.

 

I already had the 640’s stock length suspension (275mm front/300mm rear) resprung and revalved about 4~5 years ago. It rides like a flying carpet and literally floats over rocks at lower speeds, and can easily handle 4 to 5 foot high landings at higher speeds. Like it’s pretty darn amazing…even with the fuel tank completely full (close to 7 gallons). I literally couldn’t ask any more from it, so i brought my suspension tuner all the parts needed to extend the travel another 25/20mm (to 300mm and 320mm). It doesn’t sound like much, but that extra inch-ish of travel does make a huge difference. The longer suspension is currently back on the bike, but it might be another year before i get around to finishing up the build.

We’ll all get to the point somewhere in life where we decide not to ride anymore. Kayaking sounds like a great way to have a fun workout! Unfortunately i get cold super easy, and even thinking about being out on the water gives me the shiver bumps.

 

Yep, I get all that. As long as you don't withdraw the interest gained, correct?

 

That’s my house at all times

 

I've never heard the terminology sinking fund, but I find myself constantly sinking money into savings for a future purchase. As noted above that I pay a car payment to myself into my savings when I don't have a car payment. Then when I buy a car, I use those funds towards a loan I can pay off in under 2 years. But it looks like I've been doing it all wrong. The mmmf play is genius.

 

What return are those giving these days? I probably should throw some cash in one

 

As long as shit doesn't go sideways and the safe MFunds go tits up.

 

Now you've opened Pandora's box. How often do y'all actually change sheets? Who usually does it? My house personally, maybe once a month. Could be myself or the wife. I do a lot of the other laundry though because I don't like certain things dried. I'm usually just to lazy to change the sheets out.