Things You May Want To Do Before Paying Off Student Loans

Paying off student loan debt is important, but there are other things that may be slightly more strategic. Before throwing all your extra money at student loan debt, here are some basic financial goals you should plan for first.

Emergency Fund: If anything ever goes wrong where your income is frozen, it’s important that you have a back up plan. Your back up plan is your emergency fund.
Think about Retirement: Start saving for retirement. The earlier you invest, the more you’ll have saved for retirement.

Once you’ve made appropriate plans for these life events, then structure your payment plans for student loan debt.

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