kveggie1 t1_j6ns634 wrote on January 31, 2023 at 5:18 PM

Boat loan?

Never. Save and pay cash.... 7.5%.... outrageous... 10 years.... outragoues.

[deleted] t1_j6nu0kc wrote on January 31, 2023 at 5:29 PM

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jig_fisher OP t1_j6nv56m wrote on January 31, 2023 at 5:36 PM

My last boat saw 2-4 days a week of use during the fishing season. You're absolutely right about boat people, we'll spend what we have to to get out on the water. That's why I cheap out in other areas of my life.

[deleted] t1_j6nw14c wrote on January 31, 2023 at 5:41 PM

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jig_fisher OP t1_j6nzsxs wrote on January 31, 2023 at 6:04 PM

Full send in process. Appreciate the advice and encouragement! I will be nowhere near drowning with a loan of that size.

jig_fisher OP t1_j6nu1ag wrote on January 31, 2023 at 5:29 PM

My greatest joy in this life is bass fishing, so I am 100% okay with financing a boat instead of waiting and letting the years slip by just to save and pay cash.

I paid off my last $25,000 boat in 2.5 years. My car and truck are paid off. My house payment is less than $1000. I save 20% of my income in retirement investment accounts. My emergency fund is 9 months of income.