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Background: Full-time student with an amazing scholarship, therefore no student loans. No monetary support from parents/family. I work 15-20 hours/week on campus during the semester, and 40 hours during the summer. Pays only $9/hour. I'm also self employed (Amazon Mechanical Turk). I live on my own and definitely have bills to pay, but I keep them low- biggest expense is rent of course, and that's only $400... It's a rough area and not the prettiest, but it works.

I live by You Need a Budget, and today I noticed that my net worth is over $10000 for the first time. I've read the wiki (many times, actually) but still not certain exactly where to go from here. I fully understand that most my age don't have the ability to save this much, and I'm grateful for the circumstances that brought me here. It also means I can't really ask anyone for help.

I have no debt, and have been putting $50-100 into a Roth IRA every month. I'm not sure if it would be beneficial to increase that right now, or if there are better things I should be doing with my money at this stage in life? I'm very risk-adverse, so investments scare me, but I probably need to get over that.

I don't have major expenses planned in the future; no grad school, no long vacation after graduation (job lined up already), and no need for a new vehicle. I'm throwing around the idea of saving up for a down payment to buy a condo, but I guess I'm afraid I'm too young to settle down like that? If I do decide to think about buying a home/condo in the next year or two, am I best keeping my money in a savings account, or should I be storing it elsewhere?



Submitted August 04, 2017 at 01:31PM by what-isaname http://ift.tt/2u8QPRB

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