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Reply to "Single parent in need of debt management/savings advice"
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[quote=Anonymous]It looks like she has approximately $4300 left at the end of the month. I feel that with your student loan interest at 2.875%, it is quite low. Have you consider using the money and investing in mutual fund. You may have better returns then what what you are charged. So if you get an average of 8% return, you can turn that money around and pay off the student loans later. I'm not a financial advisor but am a CPA. If your goal is to own a house in 5 years time, I would think putting most of the left overs in an investment. I am pretty conservative and put most of the money into a Vanguard 500 index fund. I contribute to it automatically each month. [/quote]
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