I will be graduating with my BS in Computer Science in a couple of weeks, and my internship just turned into a real job!
I got a job offer for 76k a year as an hourly employee (still trying to negotiate up a bit, but it looks like this will be the figure), and am looking for a little advice on how I should pay things off/ save.
My work said they offer a 401k where if I invest 6% of my paycheck, they will match me 4% and I vest after 4 years.
I was planning on paying off the debt I've accrued while in college first (starting with the highest interest rate and working down), while also starting to invest in my works 401k.
My monthly costs:
Rent: 1500
Food: 200
Gas: 100
Misc: 200
I currently owe:
~$8k on a 24% interest rate credit card
~$17k in student loans which are somewhere around 4%.
Would a good plan be to put as much as possible towards the 24% as possible, and then switch to the student loan once that is done? Once I no longer have debt, should I start another savings of some sort besides a 401k? If so, what? A CD?
Very excited, any guidance is appreciated! :)
Submitted May 05, 2018 at 07:46AM by throwmeaway56498798 https://ift.tt/2rnRH4T
