Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
That's right, I'm 10 weeks "fresh" out of college. (But I'm not past my expiration date, yet. Just noone's bought me from the grocer's shelf.)

Obviously, I've got to get rid of my CC debt first. But then what? I'll probably have a 401k started w/ my employer. (Seems most employers have that option for Engrs.) Should I get my Roth started before I work on majorly killing off my student loans? Or is there something else that I'm missing?

Thoughts? Experiences? I'm not too fond of this student loan that's been with me since the beginning of my "4-year" education. How much should I let it bug me?

(4 years? HA!!!)



4 years? Moi, I took the 10 year plan while changing my major numerous times before settling on EE.

My advice:
* debt payoff first, whatever you pay on debt effectively earns you a better return than any funds you put into savings.
* after debt payoff, take the money you were paying on debt payoff & dump it into whatever savings plan you decide on.


BTW, most employers seem to have a one year employment period before you can participate in 401K programs.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.