I've been a long time lurker in this sub and wanted to post to see if I am taking the best possible actions given my age and situation. I did my best to follow PF advice. I am open for criticism to see what more I can be doing to max my situation. I am 22 years old I have no debt and I am living at home. I currently work at a job making $75,000/yr.
My current breakdown: *I have $51,775.63 in savings and I allocated $15,000 of that to an emergency fund which is sitting in an online savings account @ 1% APR. *I have $15,139.69 in an online investment account with a well-known online investment management service. It looks to me like they allocated a lot of the money towards ETF's. I have the ability to change risk and they will change my portfolio based on the risk I want to take. *I just started working a year ago but I am contributing 10% to my 401k which is currently at $2,724.
My expenses: *Monthly car payments: $119/month *Commuting: $270/month *Monthly parking for commute: $65/month
Is there anything more I could be doing to properly manage my money? I would love some feedback.
Submitted March 19, 2017 at 11:27AM by pefinima http://ift.tt/2noqbEg
