Ok, so we've got approximately 7,000 in savings for baby. I would like around 11,000 before I take my leave to cover all expenses and a few emergencies as well. Since I have another 7 or so months to accumulate this 11,000 I'm thinking we might have enough time to pay off T's student loan (~3250) and still save up that 11,000 before October. I'm still not sure if I want to put that money on his loan now, or keep saving and pay off the loan right before I take my leave, just to make sure we don't need it. Decisions, decisions!
The NEW Plan!
February 21st, 2010 at 02:37 pm
February 21st, 2010 at 03:28 pm 1266766135
A pregnancy leaves a lot of unknowns. We had planned to save 9 more moths of my dh's income, but he got laid off the minute I got pregnant with my first! Of course, I was lucky not to end up on bed rest or with a pile of medical bills, etc. It is extremely common. For all the unknowns you are facing - I would at least wait to see how things go before committing to the pay off.
Good luck!
February 22nd, 2010 at 02:33 am 1266805991
February 22nd, 2010 at 03:18 am 1266808684
Its not like the student loan guys will give you some of it back should you overpay . At least credit card debt is a hair more fungible.