Ask HTM - Stashing an Extra $1k/month, Dropping Full Coverage to Save, & Avoiding Loans for Flight School #793

Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!

1 - Shouldn’t more folks consider using velocity banking to pay off debts?

2 - I have an extra $1,000 at the end of every month; should I invest those dollars for a period of time before paying down my mortgage?

3 - What is the best way to go about paying for flight school?

4 - Does it make sense to drop full coverage on my 2016 car that’s fully paid off?

5 - My husband and I are considering a 401k loan- what should our concerns be?

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

• Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
• Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
• Join a thriving community of fellow money in the HTM Facebook group.
• Find the best credit card for you with our new credit card tool!
• Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed a Once Upon An Orchard by Allagash! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.