Want to Pay Off Your Car in 2022? Here's How
Key points
An auto loan can be a drain on your finances.
Spending judiciously on non-essential expenses and boosting your earnings could be your ticket to getting rid of that loan by the time 2022 ends.
Some people own a vehicle because it makes life more convenient. Others own one because they have no choice -- they live somewhere without public transportation.
No matter which scenario you fall into, if you weren't able to buy a car outright, you may still be in the process of paying off your auto loan. Car loans are considered a relatively healthy type of debt. That's because vehicles are generally considered a necessity, and if you pay your auto loan on time every month, it could actually help your credit score improve.
But what if you're tired of those monthly auto loan payments hanging over your head? The sooner you get rid of them, the easier it'll be to meet other goals, whether it's boosting your savings or socking away money to buy a home. If you're eager to rid yourself of auto debt in 2022, here are two essential moves to make.
