Hi everyone, I really enjoy this sub. Quick background of my situation below:
Salary - $61,000 Student Loans - $15,000 Retirement Savings (401k & Roth) - $30,500 Checking account- 3,000 Savings account - 23,500 Crypto - 6 ETH coins which is about $16,000
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My living expenses are about $800 as I live in a cheap apartment with my girlfriend but this is expected to rise soon with inflation and us wanting to improve our living situation
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Net Worth is in the 55-60k range
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I work a stable job at a consulting firm and am expecting a promotion and a 20% salary increase this year.
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My only debt is my student loans. Should I pay it off in a mass sum or make payments so I have cash for a down payment?
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Let me know if I should add further information. I’m thinking if the debt is fully paid off I can invest more into my 401k and Roth while saving for a down payment quicker. However, losing a chunk of my savings is scary.
Submitted February 27, 2022 at 11:17PM by oldgeezer_ https://ift.tt/D5l1aQd
