Hi everyone! So my partner and I got pregnant a few months sooner than we planned to. We are 6 weeks. We are super excited but trying to figure out how this will change our finance goals.
My partner has $9500 left in student loans with a 6% interest rate. We've been aggressively paying this down (1700 last month).
I have $37k in student loans that are on the PSLF track and we make interest payments just to keep it from appearing larger on my credit.
We make $5000/mo after contributions/taxes/etc together. After bills and expenses we have about $2000 left.
We have $17k in savings. No other debt.
I will be taking 12 weeks off when baby is born with 80% pay for 6 weeks. $0 for next 6 weeks.
Is it wiser to start making minimum payment on his student loan for the next year or so and save $2000/month to get situated with new baby expenses? Or should we contribute most of that $2000 to getting the student loan over with?
Submitted July 21, 2018 at 10:23AM by fidelbaby https://ift.tt/2LeMsRJ
