Posts  / #POST-216408
REDDIT

Help on what to do with debt and payments

I have 50K in student loans, fixed interest rate of 5%. I have 4800 in CC debt that has 0% interest until July. And I have 2800 in retirement loan at 5% interest. For context. I currently throw 300 at the student loans. 50 towards the CC. And about 1000-1200 towards the retirement loan per month. I’ve brought down the retirement loan from nearly 8K since I started getting aggressive with my debt a few months back. I’m hoping to have the retirement loan paid off by end of march. Then will redirect towards credit card and pay that off by mid year or so. My question is. Should I then just put 1500-1700 towards student loans. Or pay the minimum of 500 for the student loans and then invest the 1000-1200 every month.