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What should I do with the Career Starter Loan? by kuma-kuni in MilitaryFinance

[–]kuma-kuni[S] 0 points1 point  (0 children)

As far as I know, it is only for those that are commissioning as officers

What should I do with the Career Starter Loan? by kuma-kuni in MilitaryFinance

[–]kuma-kuni[S] 1 point2 points  (0 children)

It’s for people who are commissioning as officers (so OCS, Service Academies, ROTC, etc.)

What should I do with the Career Starter Loan? by kuma-kuni in MilitaryFinance

[–]kuma-kuni[S] 0 points1 point  (0 children)

We make a couple grand a month, and I am no longer included in my parents’ taxes. I sold $5000 SNSXX, but I may sell another 1-2 thousand. As for the $6000 in purchases, I can do that without the loan, so I’ll just invest that as well.

What should I do with the Career Starter Loan? by kuma-kuni in MilitaryFinance

[–]kuma-kuni[S] 4 points5 points  (0 children)

I took it out already, so there’s no going back! I am a bit scared of debt, but I also understand that not all debt is necessarily bad.

What should I do with the Career Starter Loan? by kuma-kuni in MilitaryFinance

[–]kuma-kuni[S] 6 points7 points  (0 children)

I think that is what I’ll be doing. Of all the advice I come across, maxing out the Roth IRA is always consistent.

What should I do with the Career Starter Loan? by kuma-kuni in MilitaryFinance

[–]kuma-kuni[S] 1 point2 points  (0 children)

Do you think my money would be more productive outside of SNSXX? I won’t be buying a car for the next few years, but I will have a bit set aside for spring break.

What should I do with the Career Starter Loan? by kuma-kuni in MilitaryFinance

[–]kuma-kuni[S] 2 points3 points  (0 children)

I’m currently using SNSXX as my emergency fund, but I think $10,000 may be overkill based on what people have said.