I’ve accepted a position at a highly reputable company this coming summer. It is based out of nyc so naturally the cost of moving is quite high. The offer comes with a 30K relocation payout, but I was recently told this will be delayed until my first paycheck at the company.
What are my best options when it comes to moving? I live far enough away (Ohio) where it really isn’t worth it for me to bring furniture. So I’m going to need to take out about 15K in personal loans to be safe when I move. (2.5k per month rent plus around 5k for a brokers fee plus furniture)
Should I look for a repayment plan where it is payed off very quickly (ie as soon as I get the relocation payout), or should I choose a normal 3 year plan and put a lot of the relocation payout aside as an emergency fund and pay down the loan with my normal salary?
Submitted January 17, 2018 at 10:04AM by LandCrewzer http://ift.tt/2DcZXJr
