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    Financial Moronic Monday, October 21, 2019 - Your Weekly Questions Thread

    Financial Moronic Monday, October 21, 2019 - Your Weekly Questions Thread


    Moronic Monday, October 21, 2019 - Your Weekly Questions Thread

    Posted: 21 Oct 2019 06:04 AM PDT

    This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome.

    Replies are expected to be constructive and civil.

    Any questions about your personal finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers.

    submitted by /u/AutoModerator
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    Pay amt. due or principal only question

    Posted: 21 Oct 2019 11:21 AM PDT

    I have a 14,000 car debt. This month, I will be able to apply 5,000 toward that debt. I have a choice of paying it as a regular payment or as regular payment plus principal only. My interest rateus 8.38. Should I just plop the 5,000 as a regular payment or chose to put the bulk on principal only?

    submitted by /u/ladyoflasvegas
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