Hi all- need some extra motivation to pull the plug on paying out $40k today for my wife's student loans. A bit of background: I'm 28 and she's 26. We make $185+ bonus combined (but are in an extremely high cost of living location and both switched into these higher paying jobs over the last year). We have around $60k saved and she has just shy of $40k in student loan debt remaining at 7.8% effective interest. I have zero debt to my name and she has these loans plus a lease. I know it's a must to pay these off yesterday but need the extra motivation to do it. It's just so hard to see that amount of money leave when it's so expensive to save for a house where I live, but at the same time understand that we can make it up in the next few years with our salaries. Can anyone in my position a few years ago shed some light? Thank you.
Submitted April 24, 2017 at 09:19AM by ap20000 http://ift.tt/2oDWCMo
