New Nurse With Large Disposable Income

Nurses New Nurse

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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.

Wow I love this post. What a stark contrast to another person on this site stating that their starting wage puts them below poverty level. It's all in the eye of the beholder I guess. Congrats on your new endeavor as a nurse!

Pass your boards! Good luck, btw! Then, spend part of your first couple checks doing what you haven't been able to while you were a student. Get some nice --fill In the blank. Get it out of your system, then, do what everyone else says. Start an emergency fund, pay off any non-student debt, contribute toward retirement, save some, and take good care of yourself. And, pay your loans. It really isn't that much money. Save for when you have more expenses.

Consider also listening to or reading some financial literacy books/CDs. Dave Ramsey, Wild Money, and Your Money or Your Life have been helpful for me.

Specializes in Hospice.
If the OP has to cross that bridge, there is always Seeking Arrangement

Bwahahaha I just did a spit take. You are so practical. [emoji106][emoji48]

Specializes in OR, Nursing Professional Development.
If the OP has to cross that bridge, there is always Seeking Arrangement

Why oh why did I click that? NOADLS owes me a new keyboard. And since the keyboard can't be removed from the computer, I think I may just need a whole new one.

Specializes in Hospice.
Wow I love this post. What a stark contrast to another person on this site stating that their starting wage puts them below poverty level. It's all in the eye of the beholder I guess. Congrats on your new endeavor as a nurse!

She's. Not. A. Nurse. Yet.

She got her BSN, but hasn't sat boards yet, so she hasn't earned an RN.

She also shouldn't have "Nurse" in her screen name, but that's a discussion for another time. After she's glanced at the TOS.

Why oh why did I click that? NOADLS owes me a new keyboard. And since the keyboard can't be removed from the computer, I think I may just need a whole new one.

A sugar baby easily makes that on one date.

If the OP has to cross that bridge, there is always Seeking Arrangement

Dude.

A sugar baby easily makes that on one date.

But at what cost, NOADLS, what cost...?

She's. Not. A. Nurse. Yet.

She got her BSN, but hasn't sat boards yet, so she hasn't earned an RN.

She also shouldn't have "Nurse" in her screen name, but that's a discussion for another time. After she's glanced at the TOS.

We already spoke about OP to TPTB about her screen name. Many of us. It took her a long time to get the 2b in there.

Still. If she has the offer, hopefully she will follow through and make her money.

If not, she doesn't have to change her screen name.

But at what cost, NOADLS, what cost...?

For the small price of... her soul!

Specializes in ER.

Work on the loans and work on retirement. Under my current tax situation, over 50% of my income goes towards insurance, taxes, and retirement.

Specializes in geriatrics.

When I was paying my student loans, I worked nights and overtime. Working and sleeping, sleeping and working.....!

My loan payment was 300/ month, but some months I paid 1500. You don't really have disposable income when loans are being paid. I also dumped my tax refund on the loan one year, 7000.

Not sure what your taxes are like, but I pay roughly 3100 per month in taxes and pension. OP, you won't have as much left over as you're assuming.

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