I have about 2K left on student loans. The interest is about 5-7 depending on the servicer and I pay about 200/month total. I probably have about 10 months left.
My emergency fund is ~3 months, 17K for my husband and me right now. Should I payoff the loan using the emergency fund? 2K would not be a big hit and I could move what I was paying on the student loan over to the emergency fund for the next 10 months. The way I see it, I would save on crappy interest for the next 10 months and it would not be a big hit on our emergency fund.
We put away 420/month into our emergency fund so we could feasibly return it to its previous level within 4 months (620*4). Thoughts?
Submitted August 18, 2018 at 06:53AM by EnvironmentalWear0 https://ift.tt/2OMaEbs
