So I have 18k saved with my credit union and an additional 3k sitting in stocks (mostly ETFs with some large tech companies). Ive been working in my industry for a little over a year and I make ~85k.
I still live at home with my parents (24 y/o) and I’m saving for a house but I’m not in a rush given current rates and my parents being very easy going and pleasant to live with. I also have 19k in student debt and easily make payments/pay extra every month.
My question is does it make more sense to
a) Make a massive (>90%) payment towards student loans and just eliminate them as quickly as possible. Or,
b) Continue making student loan payments and saving towards a house at the same time.
Any advice is welcomed and appreciated.
I still live at home with my parents (24 y/o) and I’m saving for a house but I’m not in a rush given current rates and my parents being very easy going and pleasant to live with. I also have 19k in student debt and easily make payments/pay extra every month.
My question is does it make more sense to
a) Make a massive (>90%) payment towards student loans and just eliminate them as quickly as possible. Or,
b) Continue making student loan payments and saving towards a house at the same time.
Any advice is welcomed and appreciated.