I graduated May 2018 with $60k of student loans. I lived at home for a year and managed to save about $10k. I had an OK job making $20/hr and didn’t have many expenses.
I’ve now landed a great job making $60k/yr but will be moving to a new city (paying rent) on June 1st.
As far as I can tell, my 10k savings should be my ‘emergency fund’ and I shouldn’t do much with it besides maybe some very low risk investments?
For my upcoming monthly expenses I’m expecting: - rent+utilities ~$1200/month - groceries ~$600/month
I know there will be some more expenses I’m overlooking but I will say I’m pretty frugal and don’t really spend money on much else.
My questions are:
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How do I tackle my student loans? I expect a salary increase of 10%/yr and a bonus between 10-20% of my base salary every year.
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What should I do with my $10k savings?
Submitted May 02, 2019 at 03:34PM by Harsh_Daddy http://bit.ly/2IYu65N
