/biz/ - Business & Finance

[Anonymous No.1572706]

I finally have a job after years of searching, and have managed to save up enough to pay off one of my student loans with about a thousand dollars left over.

Now, this will not save me terribly much in interest per month (or per year), but will be a mental relief, and a chunk shaved off my total loan burden. At the same time, I realize I'm potentially throwing away money that might be more valuable elsewhere.

Is there any real reason to pay off my student loan debt as soon as possible at this point? It seems nothing much can even be done to people that do not pay anything back, and I'll probably never need credit to get a house or a car or anything (too poor to ever afford those things, and will probably never be willing to take on debt again after how miserable it is having debt at all).

Thoughts, experiences, etc. I realize none of you can give me an authoritative answer when it comes to this, but you seem like a better better than /adv/

[Anonymous No.1572712]

>>1572706
If you are in a good position to pay it back you may aswell.

[Anonymous No.1572716]

Pay off your debts before investing your disposable income

[Anonymous No.1572731]

>>1572706
Bet it all on Trump, then pay off loans with your winnings