So I am only 20 years old (about to turn 21). I make $46k a year. I have no debt with the exception of a car payment which I owe ~$3500 on.
I currently put in 15% Roth into my 401k.
6% into an emergency fund which has a balance of ~$2800.
4% in an employee stock plan.
I have $1300 in a checking account and $3200 in a savings account.
Monthly expenses are $200 car payment. And in November $1400 for car insurance. (One time - 6 month payment) $150 in gas. $150 on food.
I currently live at home, so there is no rent for now.
What should I do with my remaining funds? I feel like there’s more I can do then let it sit in a savings account.
My thoughts have been a new car because I have a truck which gets 20mpg on a good day. But a car isn’t really a good investment.
Submitted August 11, 2018 at 11:24AM by EaglesFan2006 https://ift.tt/2MDIfDQ
