Ray for New Grads

Your first real salary deserves a real plan

Student loans, a 401k you don't understand, and more money than you've ever had. Ray helps you make the right moves in year one.

The challenge

Student loan repayment paralysis

Standard, graduated, income-driven, extended — there are 8 repayment plans and you picked the default because you didn't know the difference. You might be overpaying by hundreds a month.

401k decisions with no context

HR gave you a packet with 15 fund options and a match formula you don't understand. You're either contributing nothing or guessing at a percentage.

Lifestyle inflation is instant

You went from $800/month to $5,200/month overnight. Within 3 months your spending expanded to fill every dollar and you have nothing saved.

No emergency fund baseline

Everyone says save 3-6 months of expenses, but you don't know what your expenses even are yet. You've been working for 4 months and haven't established a baseline.

How Ray helps

Loan repayment comparison

Ray models different repayment strategies against your actual income and shows you the total cost and timeline of each option.

❯ should I do income-driven repayment or pay extra on the standard plan?

401k contribution optimization

Ray calculates the optimal contribution to capture your full employer match and shows you the paycheck impact in real dollars.

❯ how much should I put in my 401k to get the full match?

Lifestyle creep detection

Ray compares your spending month-over-month and flags categories that are growing faster than they should. Catch the creep before it becomes the new normal.

❯ is my spending increasing since I started this job?

Emergency fund roadmap

Ray calculates your actual monthly expenses from your real spending data and builds a savings target based on your specific numbers, not a generic rule.

❯ how much do I need in an emergency fund based on my actual expenses?
ray

You graduated 3 months ago. You're earning $72k/year, have $28k in student loans at 5.5%, and your employer matches 401k contributions up to 4%. You've saved $1,200 so far.

❯ should I pay off loans faster or save more? I can only do one.

Let's run the numbers on both. Your employer matches 4% — that's $240/month in free money you'd miss by not contributing. Your loans at 5.5% cost you $128/month in interest. Priority order: 1) contribute 4% to 401k ($240/month) to capture the match — that's an instant 100% return. 2) Build your emergency fund to $8,400 (2 months of your $4,200 average spending) — at your current savings rate, that's 6 more months. 3) Then throw extra at the loans. Right now your minimum loan payment is $302/month. Adding just $150/month extra cuts 3 years off the payoff timeline and saves $4,100 in interest. You can do all three on your salary — the math works if you hold dining at current levels instead of letting it grow.

Explore more

Try Ray free

Open source, local-first, and takes five minutes to set up.

View on GitHub