Have +100k in student debt, making around 100k at 22 years old, what’s the best strategy to attack student debt? Do I sacrifice saving for retirement? Or sacrifice having a real good savings account to save up to buy a property?

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Vote for the progressives and let somebody else pay it for you. /s

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Have a small emergency fund and start throwing all your money at it. Start cutting costs and throwing that money at it. Get a side gig and guess what! Throw it at it lol that’s what I did and paid of 82k and am now freeeeee :)

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Do not neglect retirement savings. That compound interest is really important in the long run.

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You don’t pay tax if it’s in a retirement account though until you take it out. My vote is for funding retirement. 100k in loans definitely hurts though.

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Student loan debt needs to be paid aggressively before you can consider buying a home

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What’s the rate on the debt?

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Pay it off, is almost certainly the right answer.

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Honestly, I would invest in the stock market rn.

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My two cents: Open a savings account and sock away enough money to cover your bills/expenses for 6 months (ie: set up an emergency fund), then pay down debts based on their interest rates and dollar amounts... I believe some companies help their employees pay off student loans (as part of their benefits/perks package).

Talk to a financial advisor to see what your options are with the student loans (good idea in general), I think there are ways to consolidate them and/or somehow get lower interest. PS: I'd ask family/friends for financial advisor referrals and do as much research as possible to avoid making financial decisions that turn out to be not so great later down the road.

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Why not do both? You will also have a lot of salary growth over the next decade if you work hard and smart. Talk with HR if they have any options for helping you tackle it also.

You must have dealt with some really great HR people. All of the HR folks I’ve worked with can barely read.

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You could 100% do both. My husband is a physician and we pay $2,000 a month on student loans, $2700 mortgage, $400 car payment, plus water, gas, electricity, etc. we still have money to put away toward savings or retirement. We are investing in a Roth IRA for now but stocks aren’t doing great.

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