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Reply to "Family of 5, appx $300K HHI - would you do anything different? "
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[quote=Anonymous][quote=Anonymous]Omg I am about to have a conniption about my students loans. I’ve essentially just been paying interest on it and barely even paying down the principal. I guess now is the time to pay it off. [/quote] Yes, OP. This is what happens when you only pay the minimum payments. When you mentioned that they would be paid off sooner rather than later, I wondered if you only had a year left in payments or something. Otherwise, you're facing years and years of accrued interest just paying the minimum. Direct the $1600/mo to the student loans while you pay your regular mortgage. Get those out of your life!! Then focus on your retirement, DH's retirement, 529s and...finally, the house. [/quote]
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