Timeline for Student loans w/ employer contribution payoff strategy
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Aug 5, 2019 at 17:39 | comment | added | bvoyelr | +1 for #5 (decide on debt hatred). Lots of people are eager to ruthlessly pay down debt, but in that interest rate range it may not be the most lucrative long term strategy. Always willing to upvote someone who explores that idea ;) | |
| Aug 3, 2019 at 23:04 | comment | added | Sanchewy | Gotcha, if you charge the emergency purchase you have until next billing cycle to get the funds out through the online process anyway... | |
| Aug 3, 2019 at 22:37 | comment | added | RonJohn | +1 to already having an E-Fund. Some people like having the money instantly accessible. I wouldn't call it silly; rather, it's incorrect risk analysis. Whatever emergency you need it for can either #1 be charged, or #2 wait the few days for an ACH transfer from an online bank, and paying the CC can definitely wait for the ACH transfer. (I really like Ally Bank, but there are others.) | |
| Aug 3, 2019 at 22:30 | comment | added | Sanchewy | Good idea, I'll try to estimate my employment length and measure my personal payments so that the loan is paid off when I move on from this job. I do have 10k in an emergency fund, but it is earning next to nothing because I wanted it to be immediately accessible (local bank). Is that silly? Would an online saving be better (need wallet top 10 or something)? Does number 8 bullet 1 mean that I should tune my retirement contributions so that I land in a target tax bracket? | |
| Aug 3, 2019 at 22:24 | vote | accept | Sanchewy | ||
| Aug 3, 2019 at 22:15 | vote | accept | Sanchewy | ||
| Aug 3, 2019 at 22:23 | |||||
| Aug 3, 2019 at 21:45 | history | answered | RonJohn | CC BY-SA 4.0 |