Hello I’m a resident doctor that will probably be beginning my attending job in June. My wage goes from $57,000 to $300,000. My husband makes about $28,000 a yr however won’t be working for just a little bit (private causes). We’re each 31 and don’t have a lot in retirement. We need to purchase our first home quickly as effectively.
Our solely debt is my pupil mortgage funds which will probably be $1,500 a month for the subsequent 5 years which is able to then be forgiven. We do nonetheless want to purchase a 2nd automobile quickly as we solely have one.
I do not know the place to begin in establishing a funds plan. To date in life our focus has simply been getting by and getting by means of all my coaching. Attempting to simply determine a place to begin on how a lot we ought to be placing into 401k and a IRA and the way a lot of a mortgage we should always attempt to keep beneath.
Thanks prematurely for any assist!
