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Do I save for emergency fund while paying off the loans or payoff the loans first?
Do I save for emergency fund while paying off the loans or payoff the loans first? So here's my situation:
Earning $6000/month post-tax.
Education loan amount: $33,000, interest: 11.05%, term: 8 years.
Auto loan amount: $25,000, interest: 6.99%, term: 48 months.
Monthly expenditure (excluding loan payments): $1500
Current emergency funds: $1500
I know that I can definitely pay off my loans early and avoid paying a ton in...
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