https://www.youngadultmoney.com/how-to-balance-debt-repayment-and-saving/ Make More. Save More. Live Better. Mon, 16 Feb 2015 01:41:48 +0000 hourly 1 https://wordpress.org/?v=6.6.2 https://www.youngadultmoney.com/how-to-balance-debt-repayment-and-saving/#comment-20675 Mon, 16 Feb 2015 01:41:48 +0000 http://www.youngadultmoney.com/?p=18685#comment-20675 Becca from beccasloans Yes, great point, Becca! I do the same. I really wanted to focus on paying off student loans this year, but that might change depending on things that happen with our career or living situation. It stinks to change direction when you don’t want to, but that’s life.

]]> https://www.youngadultmoney.com/how-to-balance-debt-repayment-and-saving/#comment-20674 Mon, 16 Feb 2015 01:40:30 +0000 http://www.youngadultmoney.com/?p=18685#comment-20674 kay ~ lifestylevoices.com That’s awesome – wealth building is where it’s at! I hope to get there soon.

]]> https://www.youngadultmoney.com/how-to-balance-debt-repayment-and-saving/#comment-20673 Mon, 16 Feb 2015 01:39:42 +0000 http://www.youngadultmoney.com/?p=18685#comment-20673 Eyesonthedollar It’s a tough thing to balance, especially with a mortgage. I’ve read stories of people paying their homes off and feeling like they have more freedom, so it can definitely come down to emotions.

]]> https://www.youngadultmoney.com/how-to-balance-debt-repayment-and-saving/#comment-20672 Sun, 15 Feb 2015 22:31:24 +0000 http://www.youngadultmoney.com/?p=18685#comment-20672 This is great advice. I think the other key bit is to monitor your situation and your comfort level. Right now, I’m pretty focused on debt repayment, but as I consider changes in my career or living situation, I also consider what that would mean for my financial priorities. I have an amount saved that I’m comfortable with now, but each month as I look at my accounts, I also spent some time thinking about what could change in the upcoming month, year, etc., and how I’d respond given what I have saved now or what I could be saving if needed.

]]> https://www.youngadultmoney.com/how-to-balance-debt-repayment-and-saving/#comment-20662 Sat, 14 Feb 2015 03:17:45 +0000 http://www.youngadultmoney.com/?p=18685#comment-20662 We have no debt, not even a mortgage now.  My goal now is to start wealth building.  It’s articles like these that inspire me.  Thanks! :)

]]> https://www.youngadultmoney.com/how-to-balance-debt-repayment-and-saving/#comment-20655 Fri, 13 Feb 2015 04:25:23 +0000 http://www.youngadultmoney.com/?p=18685#comment-20655 I always struggle with that question. Our mortgage is at a low rate, but I really want to be done with it. I also know we need to save for retirement, so we do both. I admit I do think about taking a few years and throwing it all at the mortgage, even if that’s not the best thing to do according to the numbers.

]]> https://www.youngadultmoney.com/how-to-balance-debt-repayment-and-saving/#comment-20653 Thu, 12 Feb 2015 18:32:07 +0000 http://www.youngadultmoney.com/?p=18685#comment-20653 EvenStevenMoney Agreed! I like that you made the distinction of saving aside from 401k matches and emergency funds. =) Those are both important!

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