So, I’m a recent college grad and make about 65k a year. I currently live at home so I don’t really have expenses to worry about. However, I have about $10k in student loan debt and $10k on an Auto Loan. I don’t have any other debt.
I plan to go to law school in about 2 years and, while I know it will be impossible to save up enough money to cash flow it, I do want to have enough of a savings where I can at least support my living expenses and not have to take a second job. I also intend to start law school debt free.
Additionally, I would really like to have at least a little bit of money invested in the market (and maybe a retirement account, I’m not really sure) because I know that starting early with compounding interest can do wonders down the line.
So I am wondering if anyone has any advice, insights, or any input really on the most effective way I can balance my short term financial goals (getting out of debt, saving up to fund living expenses while in law school) with long term financial goals (investing, putting money in a retirement account). Much appreciated!!
Submitted August 08, 2020 at 11:49PM by KingKott https://ift.tt/30Gvvpj
