“Considering moving $8,000 from low debt option to mortgage with higher interest rate”

Item: Considering moving $8,000 from low debt option to mortgage with higher interest rate
Rating: 2
Author: u_cdalspaw

What Actually Happened

I'm unsure if paying off car loan or mortgage is better for my financial situation

What I wish I knew

"More information about interest rates and long-term finances"

Advice to Someone Facing This Now

If I could tell you one thing

"Consider consulting a financial advisor before making a decision"

Regret Index

8/10

Clear regret.
The downsides outweighed what was gained.

SettledMixedSevere

Advice for Someone Facing This

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Discussion

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financial Category

1,609

financial decisions logged. Avg regret 5.4/10 across the category.

Same Outcome Band

43%

of financial decisions land in the severe band the same as this one.