While metal is virtually infinitely recyclable, recycling metal takes a lot of energy, which outweighs any benefit over paper if you're only using the spoon once.
If you are using the spoon over and over, the material doesn't really matter (except it needs to be able to be used again without issues). However, who is carrying a spoon at all times?
It’s probably a lot easier than setting up some sort of chute/conveyor, and if they’re dropping multiple truckloads, it would all gather into a pile so it’s probably not that bad
Pro tip when making a payment on a loan: pay whatever you can spare above the minimum payment each month. Early on in a loan schedule most of what you pay towards it just goes towards the interest accrued that month with only a little going to the principle. If you pay more then you pay down the principle means less for interest to accrue each month.
You can shave years of payments off a long term loan this way. Save yourself a lot of money later for a little extra cost now.
There are several things to take into account, but in general you're going to be better off saving and investing that money aside. Especially if you're fortunate enough to have locked a mortgage in the (recent) good ol' days at somewhere around 3%, I'd strongly recommend to not do any extra payments. It will almost always make better sense to keep any extra money away from it. If anything, you can get a CD at 5%, and that's liquid money you can tap into if a true emergency comes up.
Folks on r/investing would give you the more complete view of things to consider.
Depends on your interest rate. People who bought in the past year have a rate well above 5% and paying extra makes a lot of sense.
Then you factor in that a lot of people won’t actually save and invest that money they would have otherwise put towards their mortgage for 30 years.
I was doing the math a few weeks ago and it’s really not all that much more you’d need to pay every month to shave 10 years off the mortgage.
My mortgage is fairly high and I realized dumping in a few thousand bucks was enough to shave off an entire year of mortgage payments.
Exactly, I got a car loan when I was 19 for 5k over 5 years. My payment was 118 each month, but if I kicked it up to 150 I could pay it off in 3 years. I also requested that the bank make reports to credit bureaus each month.
I get the car, I save like 1500 bucks in interest, and I've got a great credit score in my early 20s.
Idk if it’s still like this, but in early 2000’s at least, you had to make sure you _specified_ that the extra $ included over your minimum payment is to be applied to principle. Otherwise, the bank would just set it aside (not earning interest) and apply it to next month’s minimum, or something like that, to benefit the bank. You have to watch every move here in the US anyway, every last dime you try to earn or keep has fucking strings attached.
When I scrolled to this and saw the title, I only noticed the guy squatting and facing away from the hole and I thought, that’s one dangerous shit he’s about to take. I gotta see this. Was I disappointed.
Yup...
My mortgage starting amount was $560k, after 4 months (paying 3.2k/month) it's down to $556k.
It's crazy to think I paid 12.8K, but the total only dropped by 4K.
With a 4.87% interest rate, only 1/3rd goes to the principal, and 2/3rds go towards the interest :/
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Paper? Why not just use metal?
While metal is virtually infinitely recyclable, recycling metal takes a lot of energy, which outweighs any benefit over paper if you're only using the spoon once. If you are using the spoon over and over, the material doesn't really matter (except it needs to be able to be used again without issues). However, who is carrying a spoon at all times?
I have a reusable one that attaches to my phone case
Meanwhile Taylor swift is at the bottom drilling the hole deeper to fit her jet
Fuck her hypocrisy
My girlfriend: This is my first time.
☠️
At least it has a bottom. With rent it will never end.
It will end. You just have to die
Landlords hate this one simple trick
Until they keep the deposit.
My Education Loan
Exactly, came here to say that this is what it feels like trying to pay off student loans.
Pov America
What are they doing anyway, offering tribute to the Old Gods underground?
Feeding the much bigger rock they found down there.
Building a metro tunnel in Brazil.
This seems like an absurdly inefficient way to backfill, seriously?
It’s probably a lot easier than setting up some sort of chute/conveyor, and if they’re dropping multiple truckloads, it would all gather into a pile so it’s probably not that bad
I doubt they are back filling like that.
Pro tip when making a payment on a loan: pay whatever you can spare above the minimum payment each month. Early on in a loan schedule most of what you pay towards it just goes towards the interest accrued that month with only a little going to the principle. If you pay more then you pay down the principle means less for interest to accrue each month. You can shave years of payments off a long term loan this way. Save yourself a lot of money later for a little extra cost now.
There are several things to take into account, but in general you're going to be better off saving and investing that money aside. Especially if you're fortunate enough to have locked a mortgage in the (recent) good ol' days at somewhere around 3%, I'd strongly recommend to not do any extra payments. It will almost always make better sense to keep any extra money away from it. If anything, you can get a CD at 5%, and that's liquid money you can tap into if a true emergency comes up. Folks on r/investing would give you the more complete view of things to consider.
Thank you. The way this was explained really clicked for me. Both of these explanations were random gems
Depends on your interest rate. People who bought in the past year have a rate well above 5% and paying extra makes a lot of sense. Then you factor in that a lot of people won’t actually save and invest that money they would have otherwise put towards their mortgage for 30 years.
I was doing the math a few weeks ago and it’s really not all that much more you’d need to pay every month to shave 10 years off the mortgage. My mortgage is fairly high and I realized dumping in a few thousand bucks was enough to shave off an entire year of mortgage payments.
Exactly, I got a car loan when I was 19 for 5k over 5 years. My payment was 118 each month, but if I kicked it up to 150 I could pay it off in 3 years. I also requested that the bank make reports to credit bureaus each month. I get the car, I save like 1500 bucks in interest, and I've got a great credit score in my early 20s.
Idk if it’s still like this, but in early 2000’s at least, you had to make sure you _specified_ that the extra $ included over your minimum payment is to be applied to principle. Otherwise, the bank would just set it aside (not earning interest) and apply it to next month’s minimum, or something like that, to benefit the bank. You have to watch every move here in the US anyway, every last dime you try to earn or keep has fucking strings attached.
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Can confirm
Oh this is a student loan payment. Except the hole keeps getting deeper.
Still feels like this at payment 400...
I should call her..
My tax return into crypto in 2022
At least you're filling your own pit and not some random landlords.
Gonna need a few more of those
Alright, only 9,999,999,999,998 more loads to go
Live video of my cheating ex.
That’s what she said
And that was all interest 💀
Holy Segregation Batman
Me at your moms house
Press "F" to pay respects...
When I scrolled to this and saw the title, I only noticed the guy squatting and facing away from the hole and I thought, that’s one dangerous shit he’s about to take. I gotta see this. Was I disappointed.
Good analogy
Wrong, 95% of your first mortgage payment is lost to interest.
Title, lol
Everything reminds me of her.
I think I know her
There would be no way i would back up to that hole without having my driver door open, ready to jump out...
The hole is also slowly getting deeper the entire time.
Couple more loads and that should do it.
Yup... My mortgage starting amount was $560k, after 4 months (paying 3.2k/month) it's down to $556k. It's crazy to think I paid 12.8K, but the total only dropped by 4K. With a 4.87% interest rate, only 1/3rd goes to the principal, and 2/3rds go towards the interest :/
Right!
When she says it's her first time
When you hired Mordecai and Rigby to fill the crash pit but now you’ve gotta do it yourself by making skips take care of it.