Money Confessional: 22-year-old grad pupil residing in the home desires to pay back $42,000 in loans, spend money on rental properties

Money Confessional: 22-year-old grad pupil residing in the home desires to pay back $42,000 in loans, spend money on rental properties

Our money Confessional series, together with Bank of America, takes an individual and look that is anonymous exactly just how individuals of all many years and incomes invest their funds. Answers have already been gently modified for clarity.

PARTICIPATE: wish to be showcased? Get just take this new 28 concern, anonymous survey. We’ve recently redone the survey to give individuals more freedom to showcase their economic choices and character — and never have to monitor expenses that are weekly. To look at other installments of money Confessional, view here.

Inform us about your self.

I’m a 22-year-old advanced schooling grad pupil in a relationship, but residing aware of my children. Post-grad, I’m looking to relocate with my boyfriend. We’ve been cross country and generally are prepared to make the step that is next.

$20,000 yearly stipend, $300 every month doing social networking side work.

Fairly paid?

Underpaid and overworked. I think We should be making $25,000 provided enough time I’ve put in, the hours We work, the things I do, and just how i’ve that is long it for.

Placing any such thing into cost savings?

We place 20 % of each paycheck into my checking account, ten percent into a free account committed to travel, and anywhere from 5 to ten percent into another account fully for ultimate education loan re payment. Continue reading “Money Confessional: 22-year-old grad pupil residing in the home desires to pay back $42,000 in loans, spend money on rental properties”