I'm 28. I currently make 46k a year. I've gone back to school with a career change in the near future, going from government work to accounting. I anticipate completing school in about 10 to 16 months depending on when courses become available. I've saved 3k for the next term's tuition already, what will be owed. I'm committed to not taking out more student loans than I already have. I currently have 12k remaining from my original bachelor's degree. These are all federally subsidized loans, so they are collecting 0% interest while in school. When I'm not in school they will be collecting 3.5%. This is my only debt.
I currently have 36k in HYSA earning 2.15%, 1.5k in a checking accounting, and 31k invested in brokerage and retirement accounts. I plan on buying a house next spring/summer around 130k. I will be gifted a down payment by a relative. With everything happening is it wise to just keep tossing cash into my HYSA since I'll be making 2.15% on it and I'll have more liquid cash for house stuff? My student loan payment will be about $130 when I return to the payment plan when I'm done with school. Or should I just focus heavily on the student loans over the next few months until I buy a home?
Submitted October 24, 2019 at 08:15PM by dogcatthrowaway123 https://ift.tt/33YzCvL
