It can be hard to invest and pay off student loan debt at the same time. Here's how, according to BrokeMillennial. investinyou (In partnership with acorns.)
saving 12% to 15% of your income each year, including the match. But if it's just not possible, or if you aren't offered a match, then starting smaller works, too.
"If you can't do that right now, try 1%, try 2%, because if you're getting matched at 1% or 2%. you're automatically turning it into more money," Lowry says.Beyond the match, you'll want to take into consideration the interest rate on your loans. Compare it to the "expected" return on investments — theLowry says the investing experts she interviewed for her book all came back with the same number: 5%.
"If the interest rate on your student loans is 5% or higher then it probably makes more sense for you to focus on paying down those student loans," she says. But if your rate is below that, then investing now and slowing paying off your loans might be a better plan. Of course, consider your own debt tolerance, too. You might be more comfortable putting extra money toward your loans than into your 401.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
This steer's nearly 11-foot horns just broke a Guinness World RecordThe 7-year-old steer, named Poncho Via, had his record breaking measurement -- 10 feet, 7.4 inches long -- confirmed on May 8 in his hometown of Goodwater, Alabama, according to Guinness World Records.
Baca lebih lajut »
Chris Martin and Dakota Johnson Reportedly Broke UpThe couple were said to be discussing marriage.
Baca lebih lajut »
https://www.instyle.comInStyle is the leading site for celebrity style. See expert fashion advice, star hairstyles, beauty tips, how-to videos and real-time red carpet coverage.
Baca lebih lajut »
9 multimillionaires who lost their fortunes — then bounced back and became more successful than everYou're never so rich you can't go broke and you're never so broke you can't get rich, and these business people and celebrities are living proof.
Baca lebih lajut »
Ben Higgins Gets Honest About Lauren Bushnell's EngagementAfter news of Lauren Bushnell's engagement to Chris Lane broke, her ex-fiancé Ben Higgins opened up about his feelings.
Baca lebih lajut »