New to life. No debts. No clue.
Hi everyone I suffered from crippling addiction for a long time and basically did nothing. Eventually I cleaned up got myself through school and got a bachelors in a stem field and I’m starting my first job at the ripe age of 40.
I have barely any debts (under 2k). Basically what I spent to move for the job.
I don’t have any savings. I don’t have any retirement.
I don’t have any expensive habits. I’m quite frugal really.
My parents can and would happily help quite a bit if I asked. So I’m not at risk of homelessness or anything. But I’d really rather not ask. I feel like they’ve done too much already and I should be able to sustain myself in the situation I’m in.
Salary for this job is 85k and it’s in a low cost area. They do 401k matching up to 6%.
I do not have a vehicle. Nor a drivers license actually. I should probably focus on that next tbh.
Okay. So. I’m trying to figure out if this is a decent plan or if I’m missing something obvious.
Rent is about 800. I didn’t get a roommate or anything. I’m not super opposed but this doesn’t seem like a make or break situation.
I haven’t been feeding myself for long enough to truly know precisely what’s my monthly here. But I’d say 300-400.
All subscriptions and phone are 50.
Health care they gave me a bunch of options between 15 and 180 a month. I haven’t done any research on it yet. I should probably pick a higher end one though right ?
Utilities are around 200. I’m super new in this place. So this is more or less an estimative.
Okay. So. Top priority here is paying off the 2k debt, which should be done by next week. matching 401k. Getting a vehicle then saving aggressively right ? Probably having a 3-4 month emergency fund then actually just throwing it all in stocks ? Is there a better option?
Does anyone know of a good route for starting life at 40?