Hi Guys,
This is my first post here. I am a young 2nd year med student and my dad introduced me to WCI. I can't wait to learn from all of you. Anyway, I have a tough question.
Should you ditch a significant other (boyfriend) for poor spending habits, much more school debt and unrealistic expectations? or do people change and develop good habits? Let me clarify.
I am 24, have no undergrad debt, live frugally but comfortably. I was raised to be very conservative with money. My dad and I started a Roth IRA when I was 16 and have been adding to it ever since. After med school, I will have around 200K in debt, with a solid plan of how to pay it off fast.
Meanwhile, my boyfriend; also a med student, 30, is HORRIBLE with finances. He is impulsive with spending, has maxed out his student loans, has undergrad loans and as far as I know, credit card debt on top of that. If I had to guess his debt after he graduates, it would be 500K.
I am not trying to be a cold person, but I don't necessarily want to sign up for a life of just paying off debt and his impulse buys. I want to save for retirement and live a happy comfortable life. Although he says he plans on paying off his debt in 5 years post grad, I don't think that is realistic between interest, living expenses and taxes.
Any tips? Anyone else deal with something similar?
Thanks!
Emily
This is my first post here. I am a young 2nd year med student and my dad introduced me to WCI. I can't wait to learn from all of you. Anyway, I have a tough question.
Should you ditch a significant other (boyfriend) for poor spending habits, much more school debt and unrealistic expectations? or do people change and develop good habits? Let me clarify.
I am 24, have no undergrad debt, live frugally but comfortably. I was raised to be very conservative with money. My dad and I started a Roth IRA when I was 16 and have been adding to it ever since. After med school, I will have around 200K in debt, with a solid plan of how to pay it off fast.
Meanwhile, my boyfriend; also a med student, 30, is HORRIBLE with finances. He is impulsive with spending, has maxed out his student loans, has undergrad loans and as far as I know, credit card debt on top of that. If I had to guess his debt after he graduates, it would be 500K.
I am not trying to be a cold person, but I don't necessarily want to sign up for a life of just paying off debt and his impulse buys. I want to save for retirement and live a happy comfortable life. Although he says he plans on paying off his debt in 5 years post grad, I don't think that is realistic between interest, living expenses and taxes.
Any tips? Anyone else deal with something similar?
Thanks!
Emily
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