Hello all!
I wanted to hear some thoughts on what I am doing so far with my savings. I live with my parents currently so expenses are not an issue for me. I am trying to save so that I can get out of their hair sooner rather than later. Also, no debt and recently was able to get credit limit increases on all my cards to help my score.
As of right now, I am paid weekly and I take 90% of my net income and put it in high yield savings account for an emergency fund and savings towards a house. I don't plan on investing the down payment portion of the savings since I have a 5-year time frame for the house. If I change my time horizon I will most likely invest in some index funds so I can capture some of the capital gains. With the remaining 10% I typically use for fun or just things I need to buy. If I don't use the whole 10% for the week I will transfer it out of my checking to a roth IRA I recently opened. Lastly, thankfully my youtube channel is finally generating some money so anything out of that revenue typically pays off my adobe subscription with the rest going to the savings account. Let me know if there is anything you think could be adjusted.
Submitted January 05, 2020 at 09:31PM by JoshSnipes https://ift.tt/2N05lXk
