I am currently a graduate student (22) with 2 more years of school left, in the end I will have around 60k in student debt total (unsubsidized). I go to school part-time and work part time (20 hrs a week). I make around $1100-1900 bi-weekly as a server and rely on tips so it fluctuates. My current finances:
Rent (with utilities): $1050/mo Groceries: $200/mo Subscriptions: $15/mo Experience life money: $150-200/mo Savings: $600-800/mo
Current assets and cash:
Roth: $500 with $150/mo investments Savings: $4000 Checking:$2000
I like to keep $1000 in checking after expenses are paid off each much as a “safety net”. I have no CC debt as I’m frugal and buy things I know I can pay off.
My question is, should I be paying off my student debt as I am accumulating it or should I be contributing more to my Roth? (Rip my financial decisions apart if needed)
Submitted April 27, 2023 at 02:23AM by karstenjg https://ift.tt/ifAmYVF
