I received my Stimmy Bucks and since we’re 4 in the fam, I got a whooping $5,600 (not bragging) , but now I’m in a dilemma on what should I do with this money that fell into our lap.
If I went by the Ultimate Checklist, I would be encouraged to pay off debt, which at the moment, I only have 1 debt which is a Car loan at 0.9% ( one tenth less than 1 percent) Interest. I currently owe $27k on this loan and have 3.5 years left to pay it. Of course this would just be lowering it by 1/5th.
Or should I just put all this money into the Brokerage account and buy more TDIF , specially since it seems to be a “SALE” going on right now thanks to JPow … and hoping for my returns to be better than the current 0.9% interest rate of my car loan.
I’m looking for all types of comments and criticism is well received as well.