I'm 30, 2 years out of grad school. Trying to be smart financially but finding it difficult to know where to put my income. Here are stats:
-100k/yr salary ~190k student loan: 100k in private loan, 5.15% interest on fix rate 10yr plan, I pay about 1100 a month ~90k fed loan, 4 separate loans 5.4-6.8% interest. I'm on PAYE plan so not sure If I should keep payments as low as I can for 18 more years or pay off aggressively, especially if I also have my private loan. -$15000 in the bank account now -I contribute 10% to 401k, no matchimg
-875/mo rent, 50$ utilities -I get bfast/lunch at work, so only spend $100 or less on groceries every month -Other expenses: gas, gym membership. I eat out rarely maybe 1-2x week usually spend ~20$ at a time but often less bc I eat at casual places. -Parents pay for car insurance and phone bill -I take home about 5000/MO so after my private loan payment I can still with a little effort save another 1500. Not sure if I should save or invest or just pay off more debt.
I was paying down loans aggressively the first year but my savings were stagnant. I feel a bit defeated because if I went back to that it would still take me 5+ years to pay it off and I would be starting from the bottom in terms of saving for a house or building more wealth. I feel very behind compared to many of my friends though they tend to have much higher living expenses.
Thanks in advance.
Submitted May 28, 2017 at 12:11PM by redditgirl1 http://ift.tt/2qwwl2P
