Anonymous User wrote:a year into the job (big law):
- put $70k into loans
- put $18k into 401(k)
- have $10k in bank account
- no CC debt or other debt payments
is this admirable or foolish? i haven't refinanced yet but plan to by early 2018.
It took me two years to shift my loans from ~193k to ~123k, and I was paying down at a fairly aggressive rate. Kudos, that's a great first year.
Agree with others - increase your emergency fund (make sure it's in a high yield savings account like Ally, GS, etc.), max your Roth (backdoor), and continue to pay down loans aggressively.