>Is there an app or method people recommend to help with budgeting and managing purchases and payments?
Many love YNAB. I'll use Excel until either I or Microsoft dies.
>Is there a recommended method for paying down my loans?
Mathematically, pay off highest interest first. Psychologically, some find a boost in paying off the smallest loan to gain momentum and positive reinforcement. If they're very low interest - e.g., 4 percent or less - pay the minimum and invest the difference.
phd_bro t1_j1t8hwu wrote
Reply to I’m 27, have yet to have a salary, about to finish residency, and know nothing about managing finances by redcavzards
Start with the Prime Directive in the sidebar.
>Is there an app or method people recommend to help with budgeting and managing purchases and payments?
Many love YNAB. I'll use Excel until either I or Microsoft dies.
>Is there a recommended method for paying down my loans?
Mathematically, pay off highest interest first. Psychologically, some find a boost in paying off the smallest loan to gain momentum and positive reinforcement. If they're very low interest - e.g., 4 percent or less - pay the minimum and invest the difference.