Hello Everyone, just looking for some advice and opinions. I am 24M, I currently have 5k sitting in a savings account as an emergency fund. I do live with my parents and do not pay rent. I also contribute the max match of my company for my 401k.
-Bring home $1,700 a month -Paychecks are $850 every two weeks.
-65k in student loan debt, 5.5% interest, and the min is $500 but i am putting $600 towards this monthly.
-Net income after student loans and other expenses, I have about $800 of money that i would put towards my savings.
Should I:
-Start paying off the student loans as fast as possible
-Pay a little more towards student loans and a little more in 401k
-open up Roth IRA
-Keep saving for down payment on future home
-Open to other options as well
Hope all this makes sense, and if this is not appropriate for this sub let me know.
Submitted October 04, 2017 at 12:00PM by jcremer571 http://ift.tt/2yHWhg9
