Hello Everyone, I am new to this site but have read some great things and was hoping you can help me with a thought I have been wrestling with in my head for the last year. Should I pay off my student loans or buy a house? I'll give you a quick breakdown of my financial situation.
-26 years old
-Annual salary of 102k/yr (not including bonuses which usually is around 10-15k/yr)
-40k in liquid savings (money market, checking)
-2k in 401k (just recently started, saving 10% each pay period in a target fund with a 6% company match)
-30k student loans at 6.8% interest
-6k left on car loan at a low interest rate
Any advice would be great, I am not the smoothest when it comes to finances, so any advice would be very helpful. Thanks!
-26 years old
-Annual salary of 102k/yr (not including bonuses which usually is around 10-15k/yr)
-40k in liquid savings (money market, checking)
-2k in 401k (just recently started, saving 10% each pay period in a target fund with a 6% company match)
-30k student loans at 6.8% interest
-6k left on car loan at a low interest rate
Any advice would be great, I am not the smoothest when it comes to finances, so any advice would be very helpful. Thanks!
Comment