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Ask HTM: Rent or Buy a Car for Trips, Saving Money with Pet Health Insurance, and Reducing Student Loan Minimum Payments – Episode 160

  • January 27, 2020
  • Matt
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This week on the podcast we’re answering your questions!

  1. Our family has outgrown our current car so our multiple road trips every year are getting cramped. Should we purchase a new (used) car, or rent a larger vehicle as needed?
  2. Does the 5 year holding period apply to my contributions of my Roth IRA?
  3. Should I purchase pet insurance?
  4. I’d like to save up a down payment for a home but I’m also currently paying down debts using the debt snowball method. What should I do?
  5. I have student loans and I also qualify for Public Service Loan Forgiveness- how can I reduce the minimum amount that I owe every month?

And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/

Additional resources:

  • Here’s the list of organizations that the Humane Society has vetted to help with bigger pet healthcare costs.
  • Public Service Loan Forgiveness (PSLF) is a great move IF you meet all the requirements. And you’ll at least want to run the numbers through a repayment calculator as there are a number of potential options to consider.
  • Megan’s article

During this episode we enjoyed a King Sue by Toppling Goliath Brewing – a big thanks to Joe in Minnesota for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

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1 comment
  1. Avatar Mike Pickwick says:
    January 27, 2020 at 7:50 am

    Hey guys…great episode! Love hearing all the questions that other people have and the options/advice you cover.

    Wanted to talk about the King Sue beer you had on the show. “Sue” was (maybe still is) the largest, most complete T-Rex skeleton ever found. It’s on display in a museum in Chicago… there’s a documentary about it too.

    Anyhow, figured I’d let you know….closing in on 50 and I’m still into dinosaurs. 😁

    Now off to find out where I can find that beer in Mass. Cheers!

    Reply

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