I'm in my early twenties living at home, currently single, making about $3K a month, with around $1K/month in expenses. I have $30K in student loans to pay, and have saved up $36K cash. Currently contributing 3% to the company 401k (with matching company contribution). No investment accounts open as of now. Only other debt is a no-interest car payment and one credit card I pay off in full every month. If I pay off the entire loan, I'd still have enough cash for a 6 month emergency fund, but I'm a little hesitant to decrease my cash that quickly. Right now I'm leaning toward paying off all but the two 3.1% loans. Is this the right course of action?
6.5% - $1.9K 6.5% - $1.9K 4.4% - $5.4K 4.4% - $1.9K 4% - $5.4K 4% - $500 3.6% - $4.1K 3.6% - $2.3K 3.1% - $3.4K 3.1% - $3.4K