So I have ~$1000 for an ermegency fund right now. After fixed costs, minimum payments of loans, 401k, and rent I have about $1200 left for the month.
I have two student loans that are $8000 total and they have an interest rate of 7.5% (the others are much lower). Should I try and save up a $5000 emergency fund first, or pay off the loans more agressively? Would a compromise between the two work better?
Breakdown per month:
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Rent: $650
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Medical bills (Have 10 months left): $150
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Zero interest loan from parents 0%: $159
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Low interest loan min payment 3.5%: $100
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High interest loan min payment 7.5%: $110
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Various fixed costs (website, electricity): $50
Submitted August 04, 2017 at 12:53PM by mbm7501 http://ift.tt/2vxgrLR
