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Old 03-16-2009, 03:05 PM
kork13 kork13 is offline
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I was actually thinking to mention that about the subsidized ones... They're not accruing interest, so don't bother paying them down right now. However, once they do start getting interest, get #6 paid off ASAP, and put #1 in line as well. Just remember -- pay off the highest interest debt first. For now, those two loans are essentially at 0% interest.

An EF is a VERY good idea, even if you start out with only a small one. $1-$2k is enough to at least get you started, but you do want to slowly build it up to be sufficient for at least 6 months. I might say to set aside $50-$100/mo to an EF, at least to be building it. Once you knock out the CC and SL's 5, 6, and 7, increase your EF savings to maybe $200/mo, while you continue to pay off your lower-interest debts. Those are only rough figures though, you need to decide for yourself how much you want to go with each month.
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