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A few questions for you.
As of right now now I have a $2400 loan on my car, paying roughly $92/month @ ~7.25% interest. I also have a $500 limit credit card which I recently just got, which I make small necessary purchases on, and then pay them off immediately online.
My main question is, would it be better for my credit to keep paying on the car at the current rate, or would it be better to start paying extra per month to get it paid off quicker? I am sitting on roughly $1800 in my bank account as of tomorrow. The loan is fairly new and the only reason I haven't touched it as far as paying extra is to build credit.
Second question, I've had my credit card for roughly 6 months, at a $500 limit. Should I try and get my limit raised? Will there be any implications if I do?
Third and last. With the $1800 I have in the bank, what would be the best way to invest with small amounts ranging from $500-1000? I'd like to keep 1000 put aside for a rainy day or an emergency. Currently I have hardly any money outgoing, and all my insurances are covered. I really hate seeing that money not gaining interest.
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