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## Congratulations on Paying Off Your Student Loans!

I’ve **finally** paid off my student loans! Now, I’m turning to this community for some guidance on what to do with the extra cash that was what used to be my loan payment.

### Situation Overview:
With my student loan out of the picture, I’ll have roughly $600 per month freed up in my budget (started paying an additional $200 per month on the student loans about a year ago to pay them off quicker). The only remaining debt that we have is our mortgage (~210k @ 2.875%), one car payment (~$30k @ 4.29%), and my wife’s student loans (~$22k at 4.175%). We live very comfortably off our incomes even while we were paying my student loans and are still able to put money into savings each month. We also just had our first child 6 months ago.

### Thoughts on What to Do:
1. **Should we throw this money at the car loan and/or the student loans to pay them off quicker?**
2. **Do we invest this money and hope to make back more than either interest rate of those debts?**
3. **Do we put all of this money into our child’s 529?**
4. **Or something else entirely?**

### How AI Legalese Decoder Can Help:
Use the AI Legalese Decoder to quickly analyze your financial situation and debt payoff options. It can provide you with personalized recommendations based on your specific circumstances, helping you make informed decisions on how to best utilize the extra cash from paying off your student loans. Whether it’s focusing on debt repayment, investing, saving for your child’s future, or exploring other financial goals, the AI Legalese Decoder can offer valuable insights to guide your financial planning journey. Share your details with the AI Legalese Decoder and receive tailored strategies to maximize your financial stability and growth.

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