Money Matters
cyndietb
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
wwmmd?
So DH & I have been saving like crazy the past couple months. I currently don't work at all because I've been in nursing school & finish in May. We have saved about a total of $7,000!!! Big deal for us especially w/ me not working.
Now we're not really agreeing with what to do with the savings. He wants to continue to save until I'm done with school and get a job, while I also like the idea of continuing to save but I'd love to be able to put money towards our massive school loan debt or save it for a down payment or a baby fund. The reason he wants to keep saving is because in case, god forbid, something happens in the next couple months we'll have enough money to fall back on. but i can't help but think that we could pay down 1 of my very large loans with a very high interest rate or completely pay off 1 if not 2 of our other student loans. Besides our student loan debt and car payments we don't have any cc debt. But we are hoping, once i finish school & get a job to get a house & start TTC within the next year hopefully. I just don't know if its better to have a decent savings or to pay down student loan debt.
WWMMD??
Re: wwmmd?
If you're certain you'll be buying a house, I'd continue saving for a down payment. PMI is like throwing money in the trash, so wait until you have 20% to put down.
If you can hold off on buying a home, then I'd put it toward your student loans and car payments.
Either way, keep contributing to any employee sponsored retirement plans only up to whatever they'll match and fully fund your ROTHs. You can still contribute for 2014 through April.