I recently graduated with a BA in a liberal arts program. I know this is not is not a degree that has high earning potential but I chose to study it due to personal interests.
I am currently 24 and have been working for one of the major banks making 34k gross per year. I still live with my parents so I don't have many expenses.
Net Pay is $2100 per month
Expenses:
Transportation is about $200 - 250 per month (including everything)
Student loan payment $150 per month (12,500k debt)
Cell phone $60 per month
Gym membership is $40 per month
Total expense = $500
I also spend money on entertainment, but I never really tried to keep track of that.
I have been working full time for about 5 months now have $3500 saved up. With most of my extra money I have been paying off my student loan by making additional payments.
When I was younger I read some of the personal finance books like Rich Dad Poor Dad. Now that I have my first full time job its time to make the right choices.
One of my personal goals is to travel the world for a few years. I don't intend to do this in an extravagant matter. But it is important for me to get some sort of financial foundation before I pursue that dream.
I do not know much about finance, accounting and investing. Only general knowledge from taking into courses when I was in school.
I would like some advise as to what would be the smart choice to do with my money.
I am also thinking about possibly renting a place so that I can start living on my own. I live in the GTA so rent would eat up a significant portion of my income. I am still undecided about what course to follow.
I am currently 24 and have been working for one of the major banks making 34k gross per year. I still live with my parents so I don't have many expenses.
Net Pay is $2100 per month
Expenses:
Transportation is about $200 - 250 per month (including everything)
Student loan payment $150 per month (12,500k debt)
Cell phone $60 per month
Gym membership is $40 per month
Total expense = $500
I also spend money on entertainment, but I never really tried to keep track of that.
I have been working full time for about 5 months now have $3500 saved up. With most of my extra money I have been paying off my student loan by making additional payments.
When I was younger I read some of the personal finance books like Rich Dad Poor Dad. Now that I have my first full time job its time to make the right choices.
One of my personal goals is to travel the world for a few years. I don't intend to do this in an extravagant matter. But it is important for me to get some sort of financial foundation before I pursue that dream.
I do not know much about finance, accounting and investing. Only general knowledge from taking into courses when I was in school.
I would like some advise as to what would be the smart choice to do with my money.
I am also thinking about possibly renting a place so that I can start living on my own. I live in the GTA so rent would eat up a significant portion of my income. I am still undecided about what course to follow.