Hi guys, long time lurker.
Firstly thank you all for the amazing things you do, I've learned a huge amount from you all already.
I would love any input on my situation as I feel like I'm just about to start life...age 30.
I'm a resident physician for the next 4 years and moving to the US from Europe.
My salary is $55,600 and will go up by $1.5K per year.
Student Loan balance 100K @4.5% (This is not based in US). Credit Card limit of $500 with $0 Balance
Take home Pay: $3307 (after 401K of 4% with 2% match, medical, dental,vision). Making student loan repayments of $1000 per month to pay back over 12 years. Current Account balance: $2000 Emergency Fund: $4000
Outgoings per month: Loan: $1000 Rent: $750 Cell: $50 Household bills gas/elec/internet: $80 Groceries: $400 Auto Insurance: $60
Leaves me with $967 a month, which I'll invest $500 (Wells Fargo Broker building the All Weather Portfolio) and enjoy $400, $67 to charity.
Any advice appreciated! It's me and my GF in the US and we don't really know much about how things work. - I have about $10K coming my way from some agency work I'm doing before coming to US, any advice on how to manage this? - Should I increase my 401K contributions even if my employer will only match 2%?
Thank you all!
Submitted June 08, 2018 at 05:39AM by bigbadsack https://ift.tt/2sFaVnW
