Hey PF Lurked on here for the past year or so but need some personal advice. I recently graduated from school this past December, with a degree in Civil Engineering. I got a job in Denver-metro area and start next month. Job pays 72k a year. I'm going to live at home with my parents till next year, around January or February. I have about 100k of debt in loans. I've read a lot of PF and am starting a budget. However, I still have a few questions that you guys can help me out with.
1) I'm trying to kill as much of my loans as possible when living at home. I have no expenses living at home so I'm thinking that I can kill 50k of debt by the time I move out. I'm really determined to do so. Also, my parents are helping me out and paying 1k of my loans for each month for the next 3 years. Whats my best strategy to go about paying these off? If or when should I refinance my loans? My loans range from 6-8% interest with one at 10%. What companies are best to do this with, I was looking at Sofi.
2) My company does full 401k match up to 4% then half a percent up to 8%. Should I stop contributions to 401k until I pay off a large chunk of loans, like Dave Ramsey suggests?
3) How much should I have saved for when I move out next year? Probably going to get an apartment closer to Denver, where rent is 1-1.5k. Could find places around 800 too if I get a roommate.
4) I need to start building credit, whats a good credit card to start? I was thinking something along the lines of chase freedom.
5) Should I have an emergency fund fully saved by the time I move out?
Any advice is appreciated!
Submitted February 25, 2018 at 06:46PM by ShredTheMar http://ift.tt/2Fv08BU
