Because the title states, I not too long ago graduated and am working a job that makes $45okay yearly. I am debating the best way to handle my cash, so I will simply lay out my funds and plans.

At the moment, I’ve $7,000 in an emergency fund, $35okay in pupil mortgage debt, and no bank card debt. I’ve about $1,000 month-to-month that I can put in direction of retirement (my job does 50% 403(b) matching as much as 6%) or use to repay loans.

My plans are to ultimately return to high school to get my RN as it might assist additional my profession. I anticipate to pay about $25okay for this program and I’d be working half time to cowl fundamental payments. My grandparents not too long ago advised me they’ve about $8k saved for academic prices (they’d not advised me this earlier than getting my undergraduate diploma).

So my questions are:
1. Ought to I prioritize paying off my loans over saving?
2. Ought to I repay my loans earlier than going again to high school?
3. Ought to I used a few of my emergency fund to save lots of extra or repay extra loans?
4. Ought to the cash from my grandparents be used to repay debt or reserve it for RN college?



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