My new column is up @Going Concern:
First paycheck. After taxes it’s not a big as you’d hoped. $72k is pretty good money but not the mother lode, for sure. If you weren’t living in one of the most expensive cities in the US it would go a lot farther. But at least you’ve got a roommate to share the burden. Working so many hours leaves little time for shopping and boozing anyway.
A combination of internships and help from your parents left you with less debt than so many others. Still….There’s 40k to pay off at 6.8 %. Sign up for direct debit to lower it 6.3%. A take home of approximately 4k a month, 500/month in loan payments, 1k a month in rent and another 1k in Chipotle/Pot Belly expenses doesn’t leave a lot for investing…
Read the rest here.