So I'll start with context, I'm ~$30K in debt; mostly federal student debt. My SO is ~$50k in student debt, again mostly federal student debt with some loans through our university.
We both went to school Fall 2013 - Spring 2017 with loans every semester.
That said, now that we've graduated I'm making $60K/year pre-tax/pre-retirement/etc working in software development. My SO and I are working to get them a job in our area for additional income.
My question is, which loan should I start to pay off first? I know I'm in my grace period until January or so, but I want to get a head start on this because we've got a long way to go. I've started putting money back in case of emergencies, (a few hundred month until I hit about $6000,) and I'm putting 5% into a Roth 401k and 3% into a standard 401k with my company matching 2% (5% total.)
Not sure how much of all that is necessary info, but I figured I'd lay all my cards on the table.
I'm also wondering about how marriage and consolidation/liability works, as I know the debt will become OUR debt once we're married, (I'm pretty committed to my SO. Considering proposing soon.)
Edit: I'll be asleep for the next few hours but will answer questions in the morning my time. Thanks everyone.
Submitted July 31, 2017 at 01:00AM by compsci-tossed http://ift.tt/2tQ2lkY
