TJ asked in Business & FinanceCredit · 1 month ago

How should I spend my money?

I will be getting a $2,000 cash bonus from my work.  I am trying to buy a house but also have a car loan.  Should I use the money to pay down the car loan hopefully raising my credit score OR should I save it to use as a down payment for buying a house?

4 Answers

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  • 1 month ago

    Save it. Paying down the loan wont' do much for your score.

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  • Pearl
    Lv 7
    1 month ago

    thats up to you what you want to use it for

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  • Snoopy
    Lv 5
    1 month ago

    Just invest to get interest. 

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  • 1 month ago

    There is a lot more info needed for that. Me? I would put 1/2 the take home on high interest notes such as credit cards or consumer bills. The rest goes into savings.

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