I'm 19, no credit, and I've got ~$30k in my checking account. I work ~80 hours a week, get my money direct deposited into my account, and then barely touch it. I've read people talk about savings accounts with high interest rates (at least over 1%...), where exactly do I go or how can I get something like that?
Within the next 5 years at my current rate, I'll have just under $200,000 saved up. I get a $1-1.50 raise at UPS yearly, make $11.50 an hour (currently), work about 15-20 hours a week, and wind up with about 76-78% of my weekly paycheck after taxes and union dues (which totals to, between the next 5 years, $7,000-8000 yearly). My second job I work as a mail clerk, get paid $10.50 an hour with $.70 raise annually and open for future negotiations, work 50-60 hours a week, and wind up with about 83% of my paycheck after taxes (which totals to about $28,000 yearly).
My budget is: $90 a month for car/health insurance ($1,080 annually), ~$20 a week for gas (~$1,000 annually), ~$50 a week for vape juice (~$600 annually), and about $50 a month for take out (~$600 annually). Pay less than $3k a year to live. Live with dad, he pays the mortgage/utilities and gives me food occasionally.
If I managed to get a savings account with an interest rate over 2%, I could easily make an additional $6-8,000 over the next 5 years. Where the hell do I go to get an interest rate over fractions of 1 percent??
Submitted April 09, 2017 at 07:16AM by saystruethings http://ift.tt/2pgK6CD
