Hi everyone! I have an extra $750 per month to apply towards debt or retirement. I'm wondering what you think would be best with the money?

Husband: 7% to 401k

Myself: 6.25% to pension

~1.75% to 403b (like 401k)

Debt:

Husband Student Loan: 5100 left, 10 yrs remaining, 6.8% interest, ~60/mo

My Student Loan: 20700 left, 20 yrs remaining, ~7% interest, ~165/mo

Rental Property: 94000 left, 20 yrs remaining, 5.86% interest, ~665/mo (renters unfortunately only pay 400 of that, so we make up the difference. that money is not included in the $750 mentioned above)

Home: 161000 left, 22.5 yrs remaining, 7.24% interest, 1215/mo

My husband is 27yrs old and I just turned 25. Would it be wise to up our retirement investments some and also pay down debt? Or just pay down debt? And which do you suggest paying off first? I think it's a given we pay my husbands student loan first since there's relatively little left, but after that I'm not sure what to focus on. Our mortgage for the home is at such a high interest rate but we can't refinance due to there being such little equity. Would it be smart to pay that down as fast as possible and then try to refinance? In all liklihood, that'll take around 2 years and I'm afraid interest rates will be even higher then.

Any suggestions??

Husband: 7% to 401k

Myself: 6.25% to pension

~1.75% to 403b (like 401k)

Debt:

Husband Student Loan: 5100 left, 10 yrs remaining, 6.8% interest, ~60/mo

My Student Loan: 20700 left, 20 yrs remaining, ~7% interest, ~165/mo

Rental Property: 94000 left, 20 yrs remaining, 5.86% interest, ~665/mo (renters unfortunately only pay 400 of that, so we make up the difference. that money is not included in the $750 mentioned above)

Home: 161000 left, 22.5 yrs remaining, 7.24% interest, 1215/mo

My husband is 27yrs old and I just turned 25. Would it be wise to up our retirement investments some and also pay down debt? Or just pay down debt? And which do you suggest paying off first? I think it's a given we pay my husbands student loan first since there's relatively little left, but after that I'm not sure what to focus on. Our mortgage for the home is at such a high interest rate but we can't refinance due to there being such little equity. Would it be smart to pay that down as fast as possible and then try to refinance? In all liklihood, that'll take around 2 years and I'm afraid interest rates will be even higher then.

Any suggestions??

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