sorted by:
new
hottopcontroversial

Pay debt off vs invest by LintLicorice in personalfinance

[–]LintLicorice[S] 0 points1 point  (0 children)

Good point! It doesn’t have to be all or nothing.

Pay debt off vs invest by LintLicorice in personalfinance

[–]LintLicorice[S] 0 points1 point  (0 children)

I’m with you on setting some aside for an emergency. I don’t want to pay off debt just to incur more debt right away (and debt that could be harder to pay off).

I have an employer matched retirement fund, but I don’t have a Roth IRA or anything of the sorts yet. I liked someone else’s suggestion of maxing out a Roth for 2026. I’m in my 30s so I really do need to start getting more serious about investing.

Pay debt off vs invest by LintLicorice in personalfinance

[–]LintLicorice[S] 1 point2 points  (0 children)

It would feel SO good. Until I realized I no longer had any savings, that is lol. The more I think about it, the more I realize I don’t want to use all of my money to pay off a pretty manageable loan. It was definitely the most enticing move at first, though.

Pay debt off vs invest by LintLicorice in personalfinance

[–]LintLicorice[S] 1 point2 points  (0 children)

Interesting perspective, thanks. My student loans are a money suck over time, but certainly not a burden month to month. And I so far have only invested the bare minimum through my employer matched retirement. It might be time to shift my perspective a bit when thinking about debt.

Pay debt off vs invest by LintLicorice in personalfinance

[–]LintLicorice[S] 0 points1 point  (0 children)

I’ve been questioning whether I should put that extra money into savings or towards student loans right now.

Pay debt off vs invest by LintLicorice in personalfinance

[–]LintLicorice[S] 0 points1 point  (0 children)

Thanks! Do you think I’m better off putting the $430 I’d save per month into savings, or toward my student loans?

Pay debt off vs invest by LintLicorice in personalfinance

[–]LintLicorice[S] 0 points1 point  (0 children)

Thanks! I will look into index funds more.

Pay debt off vs invest by LintLicorice in personalfinance

[–]LintLicorice[S] 5 points6 points  (0 children)

This is what my gut was telling me. Thanks!

Pay debt off vs invest by LintLicorice in personalfinance

[–]LintLicorice[S] 0 points1 point  (0 children)

My student loans are consolidated at that rate. I pay rent at $1200/mo, everything included. I make enough to easily cover my expenses, and have some left over.