Hey! I have about 6k remaining in student loans, another 6k in a car loan, and about 18k in the bank. I’m also potentially trying to save for a down payment on a first home and I’m single.
I’m considering taking some of my savings to wipe out a chunk (somewhere between half to all) of my student loan. It would feel like a big accomplishment, I could be saving more monthly, and I would avoid the interest when it picks back up at the beginning of the year. Or should I keep making the minimum $200 payment? Would that be better for my credit and/or getting a home loan? Thanks.
Submitted December 15, 2020 at 07:31AM by red-bot https://ift.tt/3mnqYzP
