@imbougieonabudget: You guys… this is a problem. ##fintok##finance##budget##money##debt

imbougieonabudget
imbougieonabudget
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Region: US
Wednesday 03 June 2026 04:07:03 GMT
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coffee..snuggler2
Coffee man :
Pay on your car loan daily. It eliminates the compounded interest. Example: 258 monthly, divided by 4, and then by 5, means you have about $12.9 a day. You’ll get ahead on your loan real quick.
2026-06-03 05:22:27
7
beccavirgo555
beccavirgo555 :
Ur a Financial Page that gives advice exactly how I need it, Ur experience/examples are real world & legit I don’t think about math right bcz I wouldn’t caught that interest rate either…Thank U 💯 I’m saving for a car & the Universe knew I needed this advice 🫶🫶🫶
2026-06-03 05:29:27
7
theslush
The Slush :
A lot of people unfortunately only focus on the monthly payment and don’t look at the larger picture.
2026-06-03 04:36:51
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margokleckner8
>^..^< astrophy :
compound interest is amazing! put it to use FOR you, not against you!
2026-06-17 04:57:51
3
gifted_otis
Otis 🇨🇦 :
I've always taken the monthly payment times number of months. If my payment is $620/month for 5 years then 5×12×620 = $37,200 for a $20,000 car. You are paying $17,200 in interest. I paid $75,244 for a $68,000 car, $7,244. BUT I invested in the stock market and made $22,500 in capital gains. This is good debt.
2026-06-03 13:02:49
3
chuynh1988
TeeHeeGiggles :
Holy crap. Thats so high. They screwed you over. 0_0
2026-06-03 09:32:05
2
probablyoutthrifting
ashley :
I think you can refinance your loan to get a lower interest rate once you’ve had your current loan for so long and have been making consistent payments!
2026-07-01 14:55:39
0
purejoules
𝙿𝚞𝚛𝚎𝚓𝚘𝚞𝚕𝚎𝚜 :
Algebra I is the most failed subject in the U.S.
2026-07-01 18:10:49
1
hannah_thatoregongirl
Hannah 🦋 :
Oh my goodness…good to know for people looking to buy a car.
2026-06-03 04:18:27
1
kermiekerms
Kermie kerms :
Are you saying you didn’t realize the loan was with interest? Like a loan with no interest payment? ( I’m genuinely asking)
2026-06-10 17:26:47
0
mindy.in.montana
Mindy.in.Montana :
FOURTEEN PERCENT 😳 that makes me want to vomit
2026-07-03 18:17:43
1
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