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I got H1B Visa and 83000 USD dollar petition amount as annual package.I am confused as this amount will be enough to survive there with wife and 7 year old daughter.My wife is working here and together we are earning 50LPA annual.We are settled here by owning house too.Confusion is my wife will not be able to work there on H4 Visa so the kind of life we are living here will not be possible there.Thoughts?Suggestions?Pros and Cons?
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Pay what you can when you can if you are at 0%. As interest increases so do wages usually so it will work in your favor eventually when become more established you won’t miss it much.
Also how did you get 0% interest?
I would put the money into some investments to make your money keep growing. Tech stocks are usually pretty good.
You will owe the same amount as in 5 years (assuming you paid nothing) so it is better to put your money to use rather than pay it off quickly. That is just my thoughts.
How did you get 0%. I’m at like 7%
Depends on what your other debt looks like. If you have any other loans with interest, or CC's that you can't pay off in full every month, then I'd focus on paying those off first. Once you've done that, then put the extra $$ toward the zero interest balance.
OP I would for sure prioritize that until you have dealt with a sizable chunk. Also how in gods name did you get 0% I'm at 4.5% and I feel lucky.