24 y/o making 73k/year with an auto loan with a balance of 14,500 that has 51 months remaining at 6.4%. I make the 360/month payment with no issues. Additional I have $1180 a month to save outside of this. I have an 8k emergency fund. I also contribute 5% to a 401k at work.
Should I put that $1180 a month to this and pay it off aggressively within 12 months?
Future goals include saving for a house and fully funding retirement.
Any advice is appreciated.
original posted by Hibby5710 to r/personalfinance on Tue, 27 Feb 2024 14:25:36 GMT.