I have student loans with interest (of course). I've been doing minimum payments (gasp) and and saving up. But here's my question- is it best to do one massive payment on all loans, or chunk payments (knock off L2, L4, L3, L1: exact order), or just continue payments and increase amounts?
L = Loan... L1: 3k$... L2: 1.5k$... L3: 2.5k$... L4: 2k$....
So while I figure this out, I'm doing minimum. This adds a small tax benefit, but it's not a benefit if I'm literally paying for it. IMHO.
For me this is about saving money in a booth short term and long term aspect. I'm not going to do the 10 year repayment plan. I will be debt free. I will save money, but I'm this case there's got to be a balance. Thoughts? Opinions? Critics?
June 11, 2018 at 02:56PM
