Hey! I just graduated college. I want to start investing, but wondering the best way to allocate my $85k salary, pay off my $27k student debt, save some money to live on my own (NYC), and build a strong investment portfolio.

My monthly paychecks will be around $5k. I want to allocate $2k a month to student loan debt for a year until paid off. My family will put 500 a month towards loans. How should I best allocate the remainder?

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A few thoughts:
1. Start allocating some money to 401k, you might also be able to open Roth IRA that will provide tax free growth on your investment.
2. I would reevaluate how much to pay towards student loan repayment - if the interest rate is low then you may want to pay the bare minimum and allocate the remaining money towards investment or savings fund.

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I would say yes pay off then get new ones never stop…

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