Deciding Whether To Pay Off Student Loans VS HYSA After Winning Money
I have been able to win a good amount of money competing in a card game hobby this year. I've never been super well off and have $24,000 in student loans with varying interest rates between 2.5-4.5%. After I finish selling the last of the prizing I won, I will have made around 30-35k Still a bit confused on tax of this, but seems to be 12%?) I would very much like to just fully pay off my loans and start making an extra $327 a month as that what my current payment is, but I also don't want to end up doing that and realizing that it was not the correct financial decision down the road. Would it be smarter to just put it all into a HYSA, or should I pay off the higher interest loans and do that with the rest of my money?
u/BarrelRollz — 1 day ago