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[quote=Anonymous][quote=Anonymous]Hello! I just graduated from college this past spring and I am looking for some advice on how I can be financially wise with my money/cost of living. Background: I currently have about 15-20,000 saved up in a high interest savings account. I just began working at an entry level job (42,000 gross) this past month. I have about 60,000 in student loans that I will have to begin paying off (hopefully quickly) in the fall. How can better invest my money/accumulate more money? Should I open up a 401k or IRA? Any advice would be much appreciated![/quote] Take the 20K and pay off the loans. Do it now while you have the money. Keeping around long term payments on the student loan will continue to effect you financially in ways you don't understand right now. [/quote]
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