Basic Information

I am 22, turning 23 this spring. I have a bachelors degree and I'm currently working in the Aviation industry.

Income Existing Contributions

I currently net about $3,300 per month, rounding to $1650 per paycheck. I currently contribute 5% to my Roth 401(k), as I do not get a match my first year of employment. Once I hit one year of service at the company, if I contribute 9% I get a 6% match which is what I plan on doing. I also have an existing Roth IRA, which is not funded yet.

Expenses

I currently live at home with my parents (rent-free) and I pay off my credit cards in full each month which amount to around $600-700 each month. My car is also paid off.

Debts

As previously stated, I don't carry any credit card debt, auto, or any other debt other than student loans.

Currently my student loans are as follows:

$32,220.12 @ 4.40% - Federal DoE Unsubsidized Loan

$63,661.64 @ 5.22% - Private Loan

The Federal Loan is not currently accruing interest nor are payments due, however, the private loan carries a minimum payment every month of around $730. I currently pay $2000 a month just to accelerate the payoff due to the large balance.

Savings and Emergency Fund

I currently have around $7,500 in a savings account as an emergency fund. I know this is relatively low but it can easily cover six months of my expenses.

Questions

What is the best course of action? I would like to be debt-free, but also fund my retirement accounts and possibly save for a house so I can move out of my parents house. I am very fortunate for the situation I am in, as my expenses are minimal. I know that tomorrow is not promised but my earning potential is astronomical, as I should be making 110K at the beginning of 2024. I just feel lost as to where I should put my money. Any and all insight is appreciated!