Hello PF. I am a 29 yo professional that has been working for about 5 years. Over the course of this time, I have saved about 39k and I have no idea what to do with this money. I have 33k in savings and 6k in my checking account. Very low interest savings account and 0 interest checking. I pay $1290 in rent a month. 340 private student loan and 240 federal student loan. Both loans were consolidated upon graduation 5 years ago due to a low paying job and no certainty on the future. I have approximately 30k left on both. The federal loan is on a payment plan that basically pays the interest and is forgiven after 20 years. 300 a month car payment (4k left) Fortunately, I have accepted a higher paying job (low 6 figures) recently and will be able to save at a higher pace. I have no clue what I should be doing with this increase in income. Should I dump some into student loans or just pay them off on schedule?
Edit: Was contributing 3% on 401k at last job. Am currently not eligible for new company 401k until July 2019
Submitted February 18, 2019 at 11:17AM by Moistyboomer http://bit.ly/2S8qgaE
