The impact of a truly big move will be like a tidal wave over your debt — or
any other big financial goals you have.
If you can pay that much extra each month, you'll be done paying back your student loans in no time, and can get on with
the other big financial goals in your life (like saving up for a home down payment or a car).
Not exact matches
Before you leap at the chance to refinance, though, you may want to consider making this
big financial move in the context of your
other financial goals.
Once that savings is built, however, that budget item can go towards
bigger retirement contributions, quality of life improvements, or any
other financial goals you have.
But living
big is costly and interferes with
other financial goals you can have, such as living on your own, paying back student loans and building your credit.