Hi, I am in my last year of graduate school and am expecting to make $60k after taxes following graduation.
My yearly expenses are as followed:
$25k living expenses including car loan, rent, groceries, fun money, transportation, etc.
$6k student loans under my name ($104k total but going for student loan forgiveness so I want to make minimum payments)
$5k student loans under my mother’s name that she can’t afford ($56k total and I’m wanting to pay it off quickly)
My goal is to invest $13k to retirement funds each year. Should I try to put more into retirement based on what my salary will be or no?
With these numbers in mind, do you think I will be able to actually enjoy life following graduation or should I try to make more money? I want to travel a bit and help out my family with money if needed. But I also need to create an emergency fund and put extra money towards loans or retirement. Any advice would greatly be appreciated!
Submitted March 23, 2019 at 09:04AM by ChillyStomper https://ift.tt/2TVUnYD
