Loan Payment or Investment Portfolio

Posted on in r/personalfinance by u/ECO_nomics on 9/27/2018

I currently make $45,000 salary ($3,750/month) with 7.5% (3% match) going to my SIMPLE IRA. I am set for a pay increase to roughly about $55,000 to $60,000 in the next couple of months. I have $7,400 (3.96%) left on a student loan and $9,000 (2.19%) on my car loan. I currently live in my parents' apartment (close to work and travel for work often) and don't pay rent, utilities, and pay about $200 a month on food. I currently have $3,000 in savings (just spent $1,200 of my savings on much needed golf clubs as I am in sales and golf with clients) and put $500 in my savings account every month.

- $281.25 (SIMPLE)
- $500 (savings)
- $200 (food)
- $332.00 (car payment)
- $500 (student loans)
- $132 (insurance)
- $300 (gas)
- $79 (climbing gym)
- $400 (entertainment, golf, hockey, rock climbing, etc.)

I have spend the last year traveling, partying with friends, extending business trips to personal trips, etc. (Recent grad), and am now getting my personal finances in check.

I have been looking at low-risk ETFs, mutual funds, and other low-risk investment avenues for the remainder of my income. I have also been considering paying off all of my debt while I have little over-head costs.

I would greatly appreciate any advice!


  1. Playing "what if?" with your future cash flow is much easier when you can SEE your future cash flow. Download the program and build a complete picture of your money for now plus the next 12 months. With a clear view of where you are headed, being able to see the impact of changes BEFORE you make a change is a huge advantage.


Post a Comment

Popular posts from this blog

Budget for Late 20s Couple on East Coast

Please help, we're in the red every month and I don't know what to do

How to get my wife proactive involved in the family budget rather than reactive at the end of the month?