Quote:
Originally Posted by KTP
Figure out what your student loan payments will be when you have to start paying them and set aside that amount each month in a money market or some other low risk investment. Get used to living without that cash and then you are less likely to overspend when you actually do have to make those payments. Plus, you can use the money in the investment to help pay them off faster.
|
We were thinking about doing something like this, but instead of putting the student loan minimum payment (which will be about 10% of our income) we were thinking about putting it toward the mortgage principle until the loans are due.
Thanks!