Just turned 24. Currently a Naval Officer locked in for about 10 years & putting on O2 in Sept. comes with a $1,000 a month raise. I currently live a very comfortable life & refuse to hate my life to save a penny. I could be taken tomorrow & id rather go out with good memories & a decent bank account than a poor life w/ a rich bank.
Emergency fund - 3k - Working on getting it into a high yield savings account so it’ll atleast grow a little.
Debts. Truck note - 21k - 500 a month, but when I get the raise I’ll be making 1,000 payments to get it paid off. Unfortunately had to buy a new truck so I went used/low mileage & got a good deal. Plan on driving well into the future.
Student loans - 3k & 25k - 3k loan will be paid off before Sept. which is when the 25k loan starts withdrawing. It’s on a payment plan of 250 for 10 years. With the raise + the money I’d pay the other debt with I’ll also be making ~1,000 payments here too. More if I have money left over.
Investments TSP - 450 a month - 630 a month after Sept. - that’s 10% of my base pay + 5% matching. Fully invested into the C fund right now.
Edward Jones investor gets $400 a month into an individual account. I like having a side investment because of the diversity & the safety Incase for some crazy reason my tsp blows up.
As far as future investing goes, my Edward Jones guy won’t get any more than $400 a month until I’m debt free & maxing out my tsp. (19,000 a year) The job I’m hoping to select does a lot of in country deployments so I won’t get a lot of over seas pay but I will be raking in a lot of per diem. Any advise would be appreciated & welcomed. Thank y’all!
Submitted February 21, 2019 at 12:23AM by AngryAvacado777 https://ift.tt/2BLTsih
