ausb781
ausb781 OP t1_j2eo288 wrote
Reply to comment by Burnt_Prawn in Need help deciding if it makes sense aggressively paying off private low interest student loan or saving/investing by ausb781
It is an intro APR that expires in March. I’m planning on paying it off by the end of February.
My HYSA saving account currently has a a higher interest rate than the private loan, so I’ll definitely get a better return saving.
I think I will focus on saving more instead of aggressively paying the private student loan, especially I pay the CC off.
ausb781 OP t1_j2ennxa wrote
Reply to comment by BastidChimp in Need help deciding if it makes sense aggressively paying off private low interest student loan or saving/investing by ausb781
I’m familiar with both methods as I used the Snowball method to pay off the previous CC debt. My credit is great currently 750+, plus I have no plans for a major purchase in the next couple years, minus a car. My DTI is already pretty low.
ausb781 OP t1_j2end97 wrote
Reply to comment by PetraLoseIt in Need help deciding if it makes sense aggressively paying off private low interest student loan or saving/investing by ausb781
Totally agree I don’t have anywhere enough saved to move, especially given inflation. My saving account has a higher interest rate(close to 0.5% higher) than the private loan.
It’s up in the air if I’ll stay with this company, but I think another two years is unlikely. I’m not even sure if they’ll allow me to stay on remote as I currently work hybrid.
Is 3% a good amount to save despite not getting the match?
ausb781 OP t1_j2emy0a wrote
Reply to comment by BetterFuture22 in Need help deciding if it makes sense aggressively paying off private low interest student loan or saving/investing by ausb781
There is a zero intro rate for remaining cc debt that expires in March. I should be able to pay it off by the end of February.
I agree, I lucked out with the interest rates on the student loans. Especially given inflation, they’re really good.
ausb781 t1_ivfe3ct wrote
Reply to comment by Dragongala in Common Massachusetts W by Rannrann123
We need a t-shirt with this
ausb781 t1_isk0g3j wrote
Reply to comment by TankVet in An AirTag led police to a dumpster filled with more than 100 stolen Democratic campaign signs in Pennsylvania. by CQU617
They do exactly this in Denmark and other countries. The fines are extremely high, but significantly reduces this type of behavior
ausb781 OP t1_j2eo8mn wrote
Reply to comment by throwawayawayayayay in Need help deciding if it makes sense aggressively paying off private low interest student loan or saving/investing by ausb781
I like your way of thinking. Definitely better to have the saving and a safety net than zero to no minimal debt but no savings. There will always be expenses some way or another.