I am an MS1, and have been reading the site for quite some time, and have already finished the book. My wife is an RN. We have been blessed thus far financially. We both went to the same in-state undergrad and have no undergrad debt. I attend my cheap in state medical school. (Sadly WCI recently spoke at my school, but I don't check my email often enough so I missed it.). Our expenses are pretty low, major expense is her car which is ~300 a month at 3%. (Her fully paid for car was rear ended and totaled. She wanted a nicer car so I gave in because she works so hard and has basically supported us for the first 3 years of our marriage and will for 3 more. I'm 22 and she will be 25 soon) We are on track to pay it off next year, 4 years early. I expect a loan burden of 100k +/- 10k upon graduation.
Sorry for the long intro, but I wanted to explain how a student was even in this position. We have decided to start a Roth IRA and I wanted to pick some very trusted minds for advice. Should we start two Roths and fund them equally even if we don't max them, or open one and max it for sure. Even though we don't have major "bills" we do have a 10 month old son who tends to be our biggest expense. Also we pay for anything for school above and beyond tuition and fees, and already have around 6 months of expenses saved on top of a 1000$ Dave Ramsey emergency fund. Thanks, and go easy on me. My parents are probably the world's worst at managing money, and I vowed I would be different.
Sorry for the long intro, but I wanted to explain how a student was even in this position. We have decided to start a Roth IRA and I wanted to pick some very trusted minds for advice. Should we start two Roths and fund them equally even if we don't max them, or open one and max it for sure. Even though we don't have major "bills" we do have a 10 month old son who tends to be our biggest expense. Also we pay for anything for school above and beyond tuition and fees, and already have around 6 months of expenses saved on top of a 1000$ Dave Ramsey emergency fund. Thanks, and go easy on me. My parents are probably the world's worst at managing money, and I vowed I would be different.
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