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Those tend to be large expenses, and having a savings cushion is essential in each situation.
You probably don’t want to start married life or parenthood off being in a boatload of debt, and having to pay PMI on your mortgage because you didn’t put a certain amount down isn’t great, either.
I’ve chosen to prioritize my student loans because aside from retirement, I have nothing else to save for, and no other debt.
I’m happy with the amount I have going toward retirement, and the extra amount I can pay toward my student loans.
However, not everyone should (or can) follow this route.
If the interest rates on your student loans are low (around 2%-4%), some would say you’re better off investing the extra money to see a higher return.
In theory, this is true, but you have to be 100% committed to actually investing your money to realize those returns.
That means if something else comes up in the future, you can adjust your student loan payments accordingly to lessen the financial difficulty you’re experiencing.