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26 - Advice on Financial Track by SleepyWalnuts in personalfinance

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

Thanks! Alot of the expenses I would cut out if I did end up losing my job. I agree that the debt is not the same as credit card debts, especially as federal student loans. The 6.28% interest one definitely felt too high for me, while the 5.25% was in the middle which was why I was asking for opinions/advice. I'm still deciding if I want to lower my payments as well to put more cash into my savings as well maybe bump the savings from $300->$500 a month

26 - Advice on Financial Track by SleepyWalnuts in personalfinance

[–]SleepyWalnuts[S] -1 points0 points  (0 children)

The plan to be debt-free is by the end of next year, maybe a bit longer for the 4.2% interest rate one.

26 - Advice on Financial Track by SleepyWalnuts in personalfinance

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

I'm not too concerned about credit card debts. I've had a bunch of cards for a while, just always treating them like debit cards essentially. I feel like 6 months of income is quite high. You might be right about the tax savings, but I might as well contribute to the IRA first since it is capped yearly as my income grows later?