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Saving $1,000+ per month…what should I do with it?
I like the other answers.  But, here's one thing that concerns me that hasn't specifically been addressed yet: You mentioned your student loans are at low rates of interest.  Are those rates fixed or variable?  If those interest rates are variable, I would not count on rates remaining low indefinitely.  If you could imagine those rates going up by say 2% or 4% or more over time, would such rates make you change your mind about the debt and the pace at which you're paying it off? I would suggest that as the economy recovers over the next couple of years, the spectre of inflation will force the Fed to raise interest rates.  You don't want to be holding variable-rate debt when rates are rising.  For that reason, if your loan rate is variable, I would increase your payment amount so you can eliminate your debt sooner than later. Also – You mention in one of your comments that buying a home is 4+ years away.  That's not a long time, so I wouldn't commit the bulk of your savings to investing in the stock market, which can be temperamental over short periods of time.  You don't want to be in a large loss position just when it's time to buy your first home. However, it may be worth having some of your skin in the game, so to speak.  Personally, I would take a balanced approach: 1/3 debt repayment, 1/3 high interest cash savings, and 1/3 in some broad diversified index funds – and not all in the U.S.  Although, I also like the idea of getting some travel in while young, so perhaps 1/4 allocations to the money stuff, and 1/4 towards travel?  :-) Good luck.