Hi Everyone,
Recent college grad and to cut to it short, Im making $40K annually. In bullshit marketing position in the casino industry. "Dont work in it"
I have $2,500 in my 401K and $2,500 in Robinhood. With $1,000 in a spending account.
I owe $13,000- 5.6% on my 2016 Vehicle and $20,000 in student loans.
Student Loans:
| Loans | Balances | Interest Rates |
|---|---|---|
| Subsidized | $3,484.67 | 3.61% |
| Unsubsidized | $682.45 | 3.61% |
| Subsidized | $3,205.98 | 4.41% |
| Subsidized | $4,408.04 | 4.04% |
| Unsubsidized | $694.13 | 4.04% |
| Subsidized | $5,278.64 | 3.51% |
| Unsubsidized | $862.20 | 3.51% |
| Subsidized | $1,471.08 | 4.20% |
Could someone explain the difference in loans and benefits of paying off which ones first?
Should i be focusing on paying off of student loans first instead of trying to invest on the side?
Or should i be investing my $2,500 from Robinhood somewhere else if so where?
Submitted November 19, 2019 at 10:24PM by RockSolidTradin https://ift.tt/35jmimi
