My current loans are refinanced under one company with 5.8% interest. However, I took the 20 year plan to start because it allows me to save money for short-term savings and emergency funds.
Now that I have saved up a decent amount of money, I would like advice on next steps to take to put me in a better position financially.
Should I pay off $10-$15k of my student loan debt with my savings?
Should I take that money and invests in stocks?
Or should I not touch my savings and switch to the 15 year plan and save little to no money each month?
Note: On the 20 year student loan plan, it's about $900 per month.
After taxes and 401k are taken out, my bi-weekly pay check is about $1500.
Thanks in advance to any and all help.
Submitted August 24, 2017 at 07:15PM by PM_YOUR_PF_ADVICE http://ift.tt/2xh64da
