I just finished my Master's degree and for the first time in my life I have a decent salary. I'm paying education loans, I'm putting 10% of my take-home salary toward a pension, and I am saving $500 per month. I am 28 and this is the first time in my life that I've had a retirement plan and have started saving, so I feel a bit behind. I still have a good amount of spending money because my rent is only $500 per month. Where should I put an extra $200 per month - toward education loans (which will take me 10-15 years to pay off at this rate - 6% interest), toward my retirment or toward savings? Or other suggestions? Should I just spend it and live a little? I haven't bought nice clothes in ages.
2006-09-07
22:20:04
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11 answers
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asked by
Anonymous
in
Personal Finance