Hi,
this might not be that big of a deal to some of you, but 20k is still 20k. I'm living paycheck to paycheck trying to get out as quickly as possible.
right now, I'm working on getting a budget together.
I'm about 20k in dept, have a credit card (which is only used for my netflix subscription and stay abroad). I get payed about 2.2k (net) and have about 1200$ expenses (apartment, internet, phone, food, car insurance, gas).
the car payment (which is about 15k$ loan) is at 230$ p Month. A second load I took (about 5k) is at $120 p Month. I don't have any financial benefit from paying off the loan early besides it being off the table. I have fixed interest at around 3%.
Savings: 2.5k are currently split up in two stock fonds (LU0171290314 and DE0008475070) and $2500 sitting on my bank account for a already booked holiday / the rest of it as emergency fund.
I have 14 month income, the 13th and 14th usually go onto the savings account for upcoming holiday or christmas.
Retirement and health care is covered by the state. I'm about to sell my macbook I don't need, which will likely get me about 2.5k.
tldr: I have about $600 left (29k debt). should I pay off the two loans as fast as possible (fixed interest at around 3%), should I put money to a savings account, try to invest?
Submitted February 19, 2018 at 04:43AM by shapier http://ift.tt/2sIsxlq
