Hey, I graduated from a healthcare profession school and will be starting next week with a 140k salary. Im lucky ( financially at least lol) that I live home and I really only have my car payment at around $500 a month which I will increase to pay off my car, but Im not really concerned about the car tbh. I have 115 k in loans with around 6% interest that will start in November. My company matches 7% on their 401k. My plan is to contribute just the bare minimum on the 401k (so 7%) and nothing to the roth ira, and instead really go all out with paying my loans like paying 4-5k per month for my loans to get them out of the way hopefully in 2-3 years max. Then I will max out the roth ira and contribute more to the 401k, for a total of around 15% of my salary to go towards savings. Obviously not sure if marriage will change that but I doubt it at least next couple of years. Might also start helping parents but nothing crazy like 1-1.5 k per month. Is my initial approach of getting the loans out of the way correct?
Thanks!!
Submitted September 05, 2023 at 06:09PM by glassedphenoix https://ift.tt/oQ35Umy
