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[quote=Anonymous]Agree with others. Doing pretty well. Eliminate nails, Try to cut phone bill in half and consider roommate or living at home for year or two until you can build up your savings.

You said your take home pay is $4800 a month on roughly $8000 a month salary. Without contributing to 401k or pension, that seems like a lot and your take home pay should be a little higher.  Can you give a little more breakdown on your deductions? You may be losing money there that you could be getting.

Do you pay a high health insurance premium? If you do and since you're young, you may consider switching to a high deductible health insurance but I don't think that's for everyone.

You said you are a contractor, do you get a W-2 or 1099? If it's the W-2, then you have to pay the extra employer FICA tax of 7.7% which is contributing to your lower monthly take home pay.

It sounds like you have little in retirement. Make sure you start contributing some to your retirement now, even if it is just a few hundred dollars a month. I'd do this over paying extra to pay off your loans very quick. Take advantage of your companies match when it is available.   Right now, you need to build up some retirement and better to pay off loans in 5-10 years. [/quote]

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