🎓 How can I manage student debt and save with guaranteed raises?

You just graduated, landed a union job, and have $82k in student loans. Money feels tight right now with only $400 left over each month. But your union contract guarantees massive raises. You jump from $52k to $87k in just three years.

This calculator shows how dedicating a chunk of those future raises to your debt and investments transforms your net worth. You can build wealth without making your current budget any tighter.

Right now, your $82k student loan dominates your balance sheet. The standard 10-year repayment plan requires a hefty monthly payment. But as your income grows, you can crush this debt faster.

Your guaranteed raises are your superpower. By Year 3, you make $87k. If you avoid lifestyle creep and put a percentage of your new take-home pay toward wealth building, you pay off your loans early and build a massive nest egg.

Decide how to split your new cash flow. Every dollar of your raise that avoids lifestyle inflation can be split between extra loan payments and investing in the market.

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