GingeyBook

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GingeyBook ,

What else do I do? Put that money under my mattress?

Low Interest Loan Repayment or CD/HY Savings

Looking to pay off $15k of student loan debt of my partner. It’s something we could wipe out with cash on hand if we wanted to relatively quickly. But one of the loans is 4.5%. Am I better off just riding that out but keeping the cash in for that loan in a HY savings account or keep reinvesting it in short term CD’s that...

GingeyBook ,

You’re correct that it would be better to pay it off slowly. Keep your money where it will make you the most money.

But like you said, there is value in the peace of mind of not having that hang over your head.

GingeyBook ,

Then we’d have to call it “some leg room wage”

It’s the minimum wage, it’s supposed to be the minimum you need to survive. Conversely, you don’t need two bedrooms to survive

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