Me and my wife recently graduated college and got married. We make ~$100,000/year before taxes and have ~$30,000 combined in student loan debt.
We are currently living in an apartment, but are looking at potentially buying a house in the near future. We are currently paying $1,750 for rent including utilities.
Our current plan is to save up an emergency fund, but after that, I’m not sure if we should pay off our debts or try and save up for a down payment on a house.
I’m thinking paying off debts would be the way to go, but I would like some other opinions/insight. Didn’t know if it would be worth it to go ahead and get into a home sooner, so we would be building equity as opposed to paying to live in a place we don’t own.
Submitted September 12, 2024 at 03:34AM by IndependentSmooth528 https://ift.tt/a2F7jsC
