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Seeking Financial Advice: Balancing Debt Repayment, Emergency Fund, and Retirement Savings
Seeking Financial Advice: Balancing Debt Repayment, Emergency Fund, and Retirement Savings Hi everyone, I'm 27 years old and starting to earning $120k per year. Here's a breakdown of my financial situation:
Private Student Loans: $70k at a 4% interest rate. Monthly payment is $1,030. If I pay just the minimums, I'll have it paid off by 2031.
Federal Student Loans: $19k. Monthly payment is about $400.
Rent: $1,200 (I have a roommat...
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