| Author | Topic |
|---|
Location:
Potts Point, Sydney
Registered:
October 2003
|
|
Re: My Tax Sucks - Help
|
Wed, 13 July 2005 10:53
 
|
 |
| oldcorollas wrote on Wed, 13 July 2005 00:21 |
Dimmy, with your HEC's debt, save up cash and pay it off in chunks big enough to get the discount..
when you are finally in a position to pay it all off.. wait until just before end of finacial year and keep cash in ING etc before then... if you pay it off before the amount is indexed at end of finacial year, you save a bunch as you get interest on your cash in the meantime... usualyl makes a few hundred dollars difference.... even if you don't pay back till the end, what with the indexation and the interest you get from ING, it is still the bst value loan you can get 
|
That's what my folks are doing 
They offered to pay 1/2 of it so im sweet...for now 
|
|
|
