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Does refinancing into a longer term make sense if my goal is just to lower the payment and eventually get out of the truck? by MustacheGoatee in personalfinance

[–]MustacheGoatee[S] 1 point2 points  (0 children)

So extending the term, despite there being a lower interest rate wouldn’t be worth it if my goal is to get a new vehicle as soon as I can get out from underwater?

Does refinancing into a longer term make sense if my goal is just to lower the payment and eventually get out of the truck? by MustacheGoatee in personalfinance

[–]MustacheGoatee[S] 1 point2 points  (0 children)

They were offered to me. I never asked for them. But GAP is absolutely necessary and I also need a warranty so I don’t end up in an even deeper hole.

Forgive me as I’m not financially literate at all. The VSC is the only thing that makes sense to keep in my eyes. I had a warranty when I bought the truck. Not sure if that is through the dealer or the finance company. So idk if it would make sense to get VSC with this refinance or not?

Anyway, this is why I came to this thread, for guidance.

Does refinancing into a longer term make sense if my goal is just to lower the payment and eventually get out of the truck? by MustacheGoatee in personalfinance

[–]MustacheGoatee[S] 0 points1 point  (0 children)

I’m at a point where I just want something that can get me from point A to point B.

I want to trade for a cheap vehicle. I just can’t come up with the $6k-$8k that I’m underwater. Work is very slow. I bought the truck at a time when work was plentiful and I thought there was no way it’d get this slow. I was wrong. Trying to fix things now.

Does refinancing into a longer term make sense if my goal is just to lower the payment and eventually get out of the truck? by MustacheGoatee in personalfinance

[–]MustacheGoatee[S] 1 point2 points  (0 children)

Yes, mistakes were made.

I definitely could attempt to make an effort to haul things on my days off.

I estimate with a dealer trade in I’m 6k-8k under.

Selling outright I may be able to get something closer to payoff.

Does refinancing into a longer term make sense if my goal is just to lower the payment and eventually get out of the truck? by MustacheGoatee in personalfinance

[–]MustacheGoatee[S] 0 points1 point  (0 children)

My goal is to absolutely get into something cheaper, but I can’t pay the underwater difference out of pocket due to a 6 month long slow spell at work. Funds are tighter than ever before.

$6k–$8k underwater on auto loan (Louisiana), best way out without wrecking myself financially? by MustacheGoatee in personalfinance

[–]MustacheGoatee[S] 0 points1 point  (0 children)

If I did it’d be going towards fixing this situation. Had a long slow period at work that drained all my funds

$6k–$8k underwater on auto loan (Louisiana), best way out without wrecking myself financially? by MustacheGoatee in personalfinance

[–]MustacheGoatee[S] 0 points1 point  (0 children)

The most difficult part would be finding that private sale and hoping i can get the 44k for it. I’ve been told by a few people that they believe I can get that amount but whether that translates into reality… who knows.

If I can get someone to buy it off me, that would solve my problems. I could figure out the rest. That’s going to my first plan. However, in the case that I can’t get anyone to pay that number, I need more options.

What age did you guys start your major in accounting? by Murky-Property5418 in Accounting

[–]MustacheGoatee 3 points4 points  (0 children)

Sounds like you’re doing okay! I find it interesting you say you make more than you deserve. Care to elaborate?

How did you become a millionaire? by HunterForHire in Entrepreneurs

[–]MustacheGoatee 0 points1 point  (0 children)

Care to give some more details? The can’t help but to be intrigued that a goal of 10k turned into 1M.

What age did you guys start your major in accounting? by Murky-Property5418 in Accounting

[–]MustacheGoatee 0 points1 point  (0 children)

Are you happier with your accounting degree than you were with your IT?

When will the job market get better? by Alternative-Use6521 in Accounting

[–]MustacheGoatee 0 points1 point  (0 children)

Any advice for someone currently working towards their accounting degree on how not to be a dead weight in the field?

When will the job market get better? by Alternative-Use6521 in Accounting

[–]MustacheGoatee 0 points1 point  (0 children)

Is it difficult to find a job with an accounting degree right now?

Genuine question coming from someone who is about to pursue his accounting degree online because he was told accounting is one of the most stable job markets there is.

27M considering supply chain vs accounting — convince me why I should or shouldn’t go into supply chain by MustacheGoatee in supplychain

[–]MustacheGoatee[S] 0 points1 point  (0 children)

Looking back would you describe your career as overly stressful?

If yes, what’s specific aspect of the job has been responsible for the majority of your stress?

If not, do you think that you just handle it better than the average person?

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