I have accepted a position at a hospital that will have me earning at least $30 an hour. That is ALOT of money for me. Considering the fact that I will be 24, splitting living expenses 50-50 with mom, and I have a vehicle that is completely paid for, I will have lots of $$$ left over every month ($2800+) after my expenses are paid. What can I/should I do with the excess money? Hurry and pay off student loans (23k)? Save up and buy a new car cash? I don't have kids and I am single if that means much.
What did you do with your disposable income when you began your Nursing career?
ETA: I am not interested in becoming a home owner at this point. I like the flexibility of being able to pick up and go when I please and owning a home would make that difficult.
My math is correct. I will bring home around $4300/month. I will only have $1200-$1500 in living expenses. Thank includes my student loan repayment of $230/month (in deferment until 6 mos after I graduate anyway, but I will start paying early.)
You won't bring home $4300 per month. I make 40% more than what you'll be making per hour and I bring home only about $300 more than that per month. You are forgetting taxes and the cost of benefits. When I was making $31 base + $3/hr shift diff working a 36 hr/week position, I brought home around $1500 every other week. You are not going to have nearly as much left over as you think.
What happens at your place of employment if the census is low and the unit is overstaffed? Are your 36 hrs/week guaranteed or can you be flexed down?
That said, with what you do have left I would A) pay off loans, B) travel and C) save.
Since you're single and making that much money, taxes will not be your friend. Buy a house. It will make you happy. If you need to move, rent the house. I bought a house several months before applying to nursing school and I enjoy the tax help and, should me and the honey need to pick up and go, we will rent it out. It's a fantastic asset to have.
Specializes in ER/Tele, Med-Surg, Faculty, Urgent Care.
NY State of Mind and Scenes from an Italian Restaurant and Captain Jack.
Fun fact! He wrote the last song from an apartment in my town, watching 2 teenage boys do a drug deal.
Well, "Don't Ask Me Why" but me thinks the OP thinks she is a "Big Shot", going to make "Easy Money", well she is a "Modern Woman", almost "Shameless". No one can "Tell Her About It". "This Is The Time" she should be "Movin' Out" of her parents house. "And So ItGoes". After all, I have been a nurse "For The Longest Time", almost "All My Life". But hey, "We Didn't Start The Fire". OP, no "Pressure", just "Keeping The Faith". Well, "You're Only Human". "Sometimes A Fantasy" or "A River Of Dreams" is all you've got.
Everyone keeps saying I should move out of my mom's house, but why?? It's not like I'll be there for free. We're splitting everything 50/50. Lol we'll basically be roommates.
I've gotten some incredible advice from some really good people on here. I really appreciate that yall. Yes, some of you have tried to put me down and dim my little "new nurse new grad" light, but it's all good! I'm just gonna focus on the positive.
I am really excited about starting my career in my dream specialty at my dream hospital. Things are moving so fast! In less than 2 months I will be moving to a new city for a new job. I am SO excited for the future & Nothing or no one is gonna take that joy away from me.
Thanks for all the financial tips guys, whether I'll have an excess $20 bucks or $3500 bucks every month, I will take heed to all the positive and useful advice I've been given here.
After looking at that, I looked up ballin' directly. Totally not what I thought it was. (Sorta relieved by that.)
So, if OP says she's ballin' fam, it could mean she's playing basketball with her mom, she's poor but pretending like she's rich, she's living off her mom and excited to brag about it, or......? I don't know. There seems to be no good meaning to saying she's ballin' fam. Unless......she actually did mean it the way I took it, but that would be incestuous. Or maybe she's meaning unrelated sugar daddy.
Pretty sure none of this goes anywhere good.
Don't do designer drugs, and don't seek arrangements with sugar daddies...
IN all seriousness, really give your mom some money toward "rent" every month. She would more than likely not ask for it, but it is the mature right thing to do.
No but BSN prepared nurses have the HIGHEST pass rate for the NCLEX. I think its around 88% for first time takers so it is far more likely that she will pass. What kind of winner goes around thinking they will be the 12% that don't cut it ? The post just came across as parade pee-ing to me. I calls 'em like I sees 'em.
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Farawyn
12,646 Posts
Hahhahahahahaha!
Touché !
Love this.