Do yall pay your car loan monthly or biweekly? Just heard something about paying biweekly saves you in interest bc the interest accrues daily on these loans (typically). I just pay a little extra over min monthly but maybe that’s not the best way

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My loan is 2%, monthly is just fine

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Same. I constantly have a mental battle with just paying it off and being done with it, or doing the smart thing and letting that same money sit in my HYSA.

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There are calcs that do the math on your loan for you online but you may save a couple grand. You’re essentially paying the loan down faster so it doesn’t accrue as much interest

I have the default payment set on auto pay and randomly pay extra with money earned from my side gig .

Pay your monthly charges, and put the extra amount towards principal. This will help you close the loan sooner and save some money on interest.

So you’re suggesting paying less in your payment just so you can make the payment over the entire month? That will cost you more in the end

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