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3Hotdogs

(14,357 posts)
10. Paying it off, had a more important benefit: You stopped paying money to the car loan company.
Wed Jul 2, 2025, 10:51 PM
Jul 2

Borrowing money - taking out a loan, whatever phrase you use, ultimately wastes money. Your car cost you a thousand or two more than the price tag on the sticker. Your lunch costs two or three dollars more because it was on the credit card. That new pair of shoes or the new jacket costs us ten or 15 dollars more than if we put it off or a month and paid cash.

I hope this helps you put credit in a new light.

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