Stage of Life: New Attending
Social Situation: Married
Immediate financial situation: Building up emergency fund, then accelerated loan payment.
This is a pretty simple question. When planning the size of our emergency fund, should we include loan payments? My loans are currently refi'd with SoFi, and if needed I could apply for forbearance for up to 12 months. I'm thinking that I could calculate the interest only payments and include those in the emergency fund instead of my full payments. The plan for my spouse's loans is PSLF, so we would include those payments in full
Does that sound reasonable?
Social Situation: Married
Immediate financial situation: Building up emergency fund, then accelerated loan payment.
This is a pretty simple question. When planning the size of our emergency fund, should we include loan payments? My loans are currently refi'd with SoFi, and if needed I could apply for forbearance for up to 12 months. I'm thinking that I could calculate the interest only payments and include those in the emergency fund instead of my full payments. The plan for my spouse's loans is PSLF, so we would include those payments in full
Does that sound reasonable?
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