unrelated topic but what percentage of your post-tax income do you guys use to pay off your student loan?
Well I can't tell you that without knowing how much debt you have, at what interest rate, and what your salary is along with your fixed needs.
That said, this is basic hierarchy of needs stuff, as WCI explains. Or as Dave Ramsey explains.
#1 Get rid of any truly toxic debt (like high interest credit cards). Do this immediately, hopefully you don't have any of this debt. Eat ramen until it is gone. Also get your self at least a couple months of emergency fund socked away. Have rice and beans while you do this.
#2 Now, get rid of your "typical" student loan debt and other debt that is sitting at 7% or so. You should live like a resident with a raise while you do this. By which I mean, as a resident you made $50k/year roughly. Give yourself 85k/yr: go out to eat more, go on two nice vacations and buy a new TV and a new laptop and get cable and a new suit.
But take that ADDITIONAL new $100k++ and (A) fill up your 401k (B) throw the rest at your loans, instead of financing a luxury car, buying a house, and getting two jetskis and an expensive coke habit.
#3 If you have student loan or other debt sitting at <3% interest rate, consider letting it riiiiiii-iiiide. Or pay it off. But now you have flexibility.
Once you are out of debt, you can look at your income stream, calculate the proper savings rate (for retirement, perhaps house down payment), and truly considering upping your lifestyle.
My savings rate, counting paying off loans as "savings", was easily >60% of my post-tax income my first year out. Probably about the same second year out as well. Doing this gives you a massive head start and I strongly encourage it. I honestly think throwing 50% of your post-tax income @ debt is completely appropriate your first 1-2 years out...