u/Labdiff

I just got my first bonus from my first full-time job, and I’ll have about $30k in my checking account. That’s literally all the money to my name.

My current situation:
- 23 years old
- $30k cash (all sitting in checking)
- No savings account or investments
- Contributing enough to my 401(k) to get my employer’s full match
- ~$200k in student loans that enter repayment in a few months, with interest rates ranging from about 3% to 9%
After all my monthly expenses, I’ll have around $1,500 left over each month to save, invest, or put toward my loans

If you were in my shoes, how would you allocate the $30k?

I’m trying to make smart financial decisions from the start instead of looking back in a few years wishing I’d done something differently. I’d appreciate any advice or different perspectives!

I just got my first bonus from my first full-time job, and I’ll have about $30k in my checking account. That’s literally all the money to my name.

My current situation:
- 23 years old
- $30k cash (all sitting in checking)
- No savings account or investments
- Contributing enough to my 401(k) to get my employer’s full match
- ~$200k in student loans that enter repayment in a few months, with interest rates ranging from about 3% to 9%
After all my monthly expenses, I’ll have around $1,500 left over each month to save, invest, or put toward my loans

If you were in my shoes, how would you allocate the $30k?

I’m trying to make smart financial decisions from the start instead of looking back in a few years wishing I’d done something differently. I’d appreciate any advice or different perspectives!

I just got my first bonus from my first full-time job, and I’ll have about $30k in my checking account. That’s literally all the money to my name.

My current situation:
- 23 years old
- $30k cash (all sitting in checking)
- No savings account or investments
- Contributing enough to my 401(k) to get my employer’s full match
- ~$200k in student loans that enter repayment in a few months, with interest rates ranging from about 3% to 9%
After all my monthly expenses, I’ll have around $1,500 left over each month to save, invest, or put toward my loans

If you were in my shoes, how would you allocate the $30k?

I’m trying to make smart financial decisions from the start instead of looking back in a few years wishing I’d done something differently. I’d appreciate any advice or different perspectives!

I just got my first bonus from my first full-time job, and I’ll have about $30k in my checking account. That’s literally all the money to my name.

My current situation:
- 23 years old
- $30k cash (all sitting in checking)
- No savings account or investments
- Contributing enough to my 401(k) to get my employer’s full match
- ~$200k in student loans that enter repayment in a few months, with interest rates ranging from about 3% to 9%
After all my monthly expenses, I’ll have around $1,500 left over each month to save, invest, or put toward my loans

If you were in my shoes, how would you allocate the $30k?

I’m trying to make smart financial decisions from the start instead of looking back in a few years wishing I’d done something differently. I’d appreciate any advice or different perspectives!