There has been progress in my financial life. I'm graduating from an MBA program in May 2015 with a lucrative job offer to start in July 2015.
I have more than tripled my salary, but I have also more than tripled my debt. So, I need a new set of financial goals as should you anytime you undergo life changing events.
1. Contribute to 401(k) up to the match (6% of base salary)
2. Build emergency fund of 3 months (my job feels secure so this should be enough and this will be possible with part of the signing bonus)
3. Max out Roth IRA (this will also be covered by the signing bonus)
4. Pay down high interest government debt, undergraduate subsidized loans
5. Pay down high interest government and direct debt, graduate plus loans and university loans
6. Pay down low interest private graduate loans
7. Max out my 401(k)
8. Save up for a down payment (for potential 2017 house purchase)
No comments:
Post a Comment