Pausing The Snowball For A Car

Jonathan and his wife are paying off some student loans. He’s driving a car that is on its last legs. Is it okay for them to put the snowball on hold to save up money for a car?

QUESTION: Jonathan in Jackson and his wife are paying off some student loans. He’s driving a car that is on its last legs. Would it be okay for them to put the snowball on hold to save up some money for a different car? Dave thinks it is.

ANSWER: I think it’s a good idea. I think you’re going to make all your goals by this time next year anyway. I think you’re trekking right through this, and you’ve got a plan. It’s very precise. You’re being thoughtful as opposed to just wandering around lost, which is what most people do. I think you have a good idea there. It’s exactly what I would do.