Quick background I won’t go too into detail with…I finished undergrad in 2012 with over 130K+ in student loan debt. I made my last payment this week. It still really hasn’t set in yet to be honest, but I feel like somehow the weight that I’ve been mentally dragging around with me for the past 9 or so years has lifted somewhat. What now?
I’m not very educated in investing or other options I can truly make full use of the money I can now keep in my bank account. I really ramped up the payments for my loan the last couple years, but generally speaking, I’ll be adding around $1500-$2000 each month. I was thinking I’d like to build my savings back up a bit first, but what’s a smart move now? Should I refinance my mortgage maybe? Or, get into stocks or real estate?
Basic salary/other debt info: Bi-weekly take home after taxes/health/retirement (I contribute 8% each check) = $3000 Monthly mortgage = $1000 (4.5% APR) Nothing on CCs, boyfriend pays food, utilities and HOA. No car payment. I also work from home so nothing significant spent on commuting otherwise.
Thanks all!
Submitted September 25, 2021 at 08:32AM by julshay https://ift.tt/3i8RZrr
