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question: why would you pay it off early? money (generally) gets cheaper over time and if interest is lower then inflation there is no reason to pay it off earl
by was_boring 9y ago
question: why would you pay it off early? money (generally) gets cheaper over time and if interest is lower then inflation there is no reason to pay it off early as the debt becomes cheaper every year.
- Veratyr 9y agoI no longer live in Australia and as long as you have this debt, you're required to file an Australian tax return. I paid it off to get rid of that hassle. Also it used to be that voluntary payments got you a discount.
- stephen_g 9y agoMost people don't - they just pay the minimum required out of their pay every year once they've reached the threshold. But getting rid of it does make it easier to borrow more money for a house, etc.