Cleveland, OH
I’m 27, I Make $63,900 & My Net Worth Is -$100,000
Occupation: Resident physician
Industry: Healthcare
Age: 27
Location: Cleveland, OH
Salary: $63,900
Net Worth: -$115,000. I have $2,500 in a high-yield savings account and $560 in my Roth 403(b). I have a car worth about $15,000 and a lot of student debt. My husband, M., is also a resident and has the same salary as me. We split household expenses 50/50 (rent and utilities, household goods, groceries, cat care, meals out together) and use a joint checking account, credit card, and savings account. We also have our own credit cards, checking accounts, and savings accounts.
Debt: $134,000 in federal student loans from medical school.
Paycheck Amount (biweekly): $1,688
Pronouns: She/her
Industry: Healthcare
Age: 27
Location: Cleveland, OH
Salary: $63,900
Net Worth: -$115,000. I have $2,500 in a high-yield savings account and $560 in my Roth 403(b). I have a car worth about $15,000 and a lot of student debt. My husband, M., is also a resident and has the same salary as me. We split household expenses 50/50 (rent and utilities, household goods, groceries, cat care, meals out together) and use a joint checking account, credit card, and savings account. We also have our own credit cards, checking accounts, and savings accounts.
Debt: $134,000 in federal student loans from medical school.
Paycheck Amount (biweekly): $1,688
Pronouns: She/her
Monthly Expenses
Rent: $1,550 for my half of our two-bed/two-bath apartment and utilities.
Student Loans: $0 (I’m on the SAVE plan because I didn’t make any money in 2022 while I was in medical school).
Car Insurance: $64
Health Insurance: $63 (paid to my husband as I’m on his plan).
Renter’s Insurance: $5 for my half.
Internet: $25 for my half.
Cat Supplies: $75 for my half.
Parking: $200
Spotify: $5
Netflix/Hulu/Max: mooched off family members.
NYT All-Access: $4
iCloud Storage: $3
Cell Phone: $50 (paid to my parents whose plan I’m still on).
Retirement: $280 to my Roth 403(b).
Joint Savings: $700
Personal Savings: $100