this post was submitted on 05 Aug 2026
55 points (100.0% liked)

Ask Lemmy

40987 readers
1252 users here now

A Fediverse community for open-ended, thought provoking questions


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, toxicity and dog-whistling are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.


6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !uspolitics@lemmy.world


7) No Hit-and-Run questions.
Please don't delete your post for no apparent reason. If you plan on deleting a question later, say so in the post, or if you feel that you have a good reason to remove it, message a mod beforehand. It's not fair to the ones who took their time to answer, and it's not in the spirit of the community.


8) No Bots.
Posts or comments from bots, LLM's, AIs, Neural Networks, Transformers, or Marvin the Paranoid Android are not welcome in AskLemmy. Real humans only please.


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 3 years ago
MODERATORS
 
  1. Put it in my savings account for my trip to Japan next September, or
  2. Pay off my 18TB HDD (900 bucks) and get rid of all the upcoming installments ($100/month), or
  3. Other

Either way, my monthly balance stays the same, I think. I'm really bad with money. πŸ’€

you are viewing a single comment's thread
view the rest of the comments
[–] swicano@programming.dev 4 points 1 week ago* (last edited 1 week ago) (1 children)

Easy, which one has the highest interest rate. If you pay off your hdd now, do you save on loan interest? Then that 1000 is worth more because it's 1000+ the Interest you now won't have to pay. Same for savings. My savings rate is ~3.6% APY, so 1000 after a year is 1036, not much extra, but that's a meal or two.

Or Yolo it into the stock market, and potentially make 20% ($200) on it by next year.

It depends what you think the future holds.

Boring answer is: can you put it in a Roth IRA or other post-tax advantaged account? That's for if you think the world will be around when you retire.

If you think the price of ram is gonna double again, buy a 64 GB kit of DDR5 now and sell it on Craigslist next year

Or if you believe that memories now are worth more than memories in the future, just spend it on things that make you happy. This is free money, Noone can force you to be responsible

I wanted to make a joke/silly comment, but your last paragraph was so heartfelt I... No, no, here it goes:

That’s for if you think the world will be around when you retire. Only real answers, please?

Joke done. Thanks for all the great insights, as I literally have zero skill points in finances. πŸ€‘