OK - we have a lot of new costs with a new apartment and need money to pay for them, like at least $5,000. Now, question - should we take the money out of our hard earned saving (ouch) or get a loan and pay interest on the loan, but not lose so much out of the savings. I'm so confused about what would be best. It seems that paying interest on a loan would be stupid if you have the cash - but when you've scraped for so long to have a savings it hurts to take that money out - and lose the interest earned. I can't seem to get my head around this! Any insights?
post #1 of 13
7/11/03 at 7:24am