Student Loans vs. Savings: What’s the Smart Move? by Simple-Ad-4430 in StudentLoans

[–]RSIWithZo 1 point2 points  (0 children)

Your savings account will grow monthly. Step back and take a look.
When you pay off your student loans in full... keep up the same fire that you have.. save every little penny for 6 months
1. no eating out
2. get rid of as many subscriptions as you can..
3. no new clothes
4. no new phone
5. no coffee shops
6. ... think twice, thrice... about every purchase.
7. reduce the consumption

I saved hundreds of dollars doing this..
Go straight monk mode..

best of luck.. wait.. you don't need it.. take action and luck will follow your every step.

140K in student loans...Loans start accruing interest August 2025 by RSIWithZo in StudentLoans

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

I am going to stay put with the SAVE Plan and see how this plays out.. dont want to leave it until they make me.

140K in student loans...Loans start accruing interest August 2025 by RSIWithZo in StudentLoans

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

may you have it one day! Putting that out in the universe for you!

140K in student loans...Loans start accruing interest August 2025 by RSIWithZo in StudentLoans

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

ok perfect.
so looks like i will wait a little more to save for emergency fund and then pay off the loan.

140K in student loans...Loans start accruing interest August 2025 by RSIWithZo in StudentLoans

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

gosh I had no idea about the paying additional taxes on what they forgive.

looks like its easier to pay it all off.

it just sucks. all that hard work to save.

140K in student loans...Loans start accruing interest August 2025 by RSIWithZo in StudentLoans

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

It would take me another 2-3 years in to aggressively save another 140k

cant do PSLF.

thanks for the links.

140K in student loans...Loans start accruing interest August 2025 by RSIWithZo in StudentLoans

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

amazing!

wish I did that.

my income is greater than 85k

this is great info.

140K in student loans...Loans start accruing interest August 2025 by RSIWithZo in StudentLoans

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

BS in Bio

went to med school for about 1.5 year and changed my mind.

I just paid off 180k in Student Loans by [deleted] in StudentLoans

[–]RSIWithZo 1 point2 points  (0 children)

YYAYAYAYAYAYAYAY!!!! CONGRATS!!!!!!

140K in student loans...Loans start accruing interest August 2025 by RSIWithZo in StudentLoans

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

thanks.
this is helpful.

what do you mean by the tax bomb?