Quote Originally Posted by MotoXRider31 View Post
what to do?
I would recommend you follow the patented Dave Ramsey plan, and follow at least the first couple of his baby steps:

Step 1: Put aside $1000 in a cash (savings account) fund for emergencies
Step 2: Pay off debts, smallest to largest - that means hit your student loan hard

You can start putting some stuff into mutual funds if you want (I do an automatic withdraw every month straight off my paycheck) but keep the main focus on paying off that student loan. When it's paid off you can breathe easy and know that every dollar you make is actually your dollars once again! Sounds like you're in a good position to do well, just remember the magic of compound interest - the more you can invest when you're young will be worth so much more when you're older.

If you're hitting your loan with $100 or more a month, and still have an extra $50 a month, I'd throw it into a 401k if you have one with your employer, or even at least a money market account for the time being until you have a 401k, then roll that money market amount into your 6 month emergency fund that you'll want to develop once the loan is paid in full.