I am 25 years old and just got a raise in which I should make about $85,000. Below is my current financial situation outside of my salary.
$16,000 in emergency fund.
$22,000 in 401k/profit sharing. I contribute 10% and my company contributes 12-18% based on company performance. This year it is project to be 14%
$33,000 in debt (student loans + car loan)
About $3,000 a month in total expenses between rent, food, car payment, student loan payment, car insurance, cable, utilities, etc.
So after my expenses and retirement contributions I have about $1,700 a month left over to do whatever I want with.
So, what should I do with it? Invest it, put it in a savings account to save for a house, put it all towards my student and car loans, contribute more to my 401k? Any help is greatly appreciated.
Submitted July 05, 2018 at 06:47PM by dapperdon003 https://ift.tt/2lXJzpv
