Reply to Finally Paid off My Student Loans!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am OP. I am a homeowner in Maryland, with a monthly mortgage payment of $2,900. The current value of my townhouse is $550,000, and I have an outstanding mortgage balance of $300,000, having originally purchased the property for $420,000. My liquid assets amount to $50,000. Additionally, I incur an annual expense of $35,000 for my son's private school education[/quote]

Do you have any savings? Retirement? What is your household take home pay? How much do you spend each month? How much were your student loans?[/quote]

I currently have a 401K valued at $350,000. Over the past seven years, I have been diligently paying $3,000 per month towards my student loans. The interest loan freeze has been a significant advantage. Initially, my student loans totaled $300,000. Presently, I possess $50,000 in cash savings only. My monthly take-home pay fluctuates between $16,000 and $20,000, contingent upon the office's monthly performance

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I’d take that 3k and put 2k towards the house and 1k split between savings or retirement or college fund. [/quote]

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