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Dear Catey,
I’m a software that is 26-year-old with an M.B.A. making $85,000 per year, and my get hold of pay is approximately $3,700 per month. We add 8% to my 401(k) and get matched as soon as yearly by my business for 7%. Currently my 401(k) has $28,000 on it, the majority of that will be in a target-date fund. We place $1,500 into my HSA yearly. We have hardly any other assets or savings (literally $150 is all).
My expenses that are main these: We have $105,000 in federal government figuratively speaking on an income-dependent-repayment plan, and $15,000 in personal student education loans. We presently lease in Cincinnati, where We pay $950 four weeks including resources with a roomie. We have a vehicle payment of $650 30 days for three more years, outstanding personal credit card debt of $10,000, and personal consolidation loans of $20,000 (some because of unexpected circumstances & most to pay for for located in university). Simply a couple of years ago I experienced $50,000 in credit debt and have now currently paid it down $20,000.
I’ve been told I’m “rich” and “you create a complete great deal of cash” as a result of the thing I make. But we nevertheless rent because I can’t pay for an advance payment and drive a modest vehicle. Continue reading “MarketWatch web web Site Logo a hyperlink that brings you back again to the website.”