Dear Ray:
Thanks for the advice. We are currently saving as well while paying off the car. Our income is such that we can easily pay 1500-2k per month while still paying the student loan at $250 and saving $500.
I don’t know if it would be worth it to request a forebearance for a few months, but we might just put the savings toward the car?
We are getting used to budgeting with our combined incomes and are realizing that if we keep our spending low we can really start saving.
sdr: I think 450k is right where we want to spend. Maybe a little more if we wait longer and save more. After the car payment is paid off my goal is to save 3k per month.
