to start here is the link to the recommended investment order
https://forum.mrmoneymustache.com/investor-alley/investment-order/we have ~$25k sitting in a savings account (emergency fund)
401ks are maxed out
No debts over 5%
HSA's are maxed out
No IRA - i think we make to much
We have ~$50k in super low interest debt (two student loans, ~$7k and ~$25.5k and a car note at ~17k) The debt interest per month is ~$50-60 total
no taxable or 529 plans set up yet
My question is, in your opinion, is it better to have the cash available in the EF or use it to pay off the debt as quick as possible?
our jobs are stable, in demand and high paying
we have one kiddo starting kindergarten in the fall freeing up at least $800 a month in Daycare, the other has two more years and the first will likely still have after school care
i am torn between paying off the car and/or smaller student loan or some combination there of and keeping the cash there if needed.
we probably have more than the EF available to us on $0 balance CCs
Paying of the Car would free up the most cash to debt snowball the student loans and still leave ~$7k
we are ~39-40 y/o with ~$430k in 401ks and HSAs. we have quite some time before we retire due to our late start, guessing 10+ years
what would you do?