Hey guys, long term lurker here.. Current situation is that I have 80k in the bank, and a job paying 52k a year. I do not own a house, and total expenses are around 1k a month.
My wife is currently entering her 3rd year of medical school, and by the time graduation rolls around she will have roughly 120k in student loan debt, at a 6.7% interest rate (I think). We have been paying interest down as she goes so it does not compound.
My plan is to save roughly 90k to pay off this debt upon her graduation. Is this the wrong way to go about it? I do not have as much job security at my current workplace, so I do not want to put it all towards it currently. Also, I do not think investing it would give me any sort of returns greater than what paying off her debt would.
Any advice is appreciated!
Submitted August 17, 2017 at 08:58AM by NeedAdvicePrettyPlz http://ift.tt/2v4JulR
