My question is what to do with my money?
I’m 23 working my first job out of college, right now my financial snapshot looks something like this:
$3,600 per paycheck after tax (monthly).
Rent : $1,300/month
Credit card bill: usually $700-$900/month
6% going into 401(k)
Current savings: ~$22,000 in a high interest savings account
No debt, no car payment
My question I guess is what I should be doing with the ~$1,600 I’m saving each month. I’m not sure whether to be investing it or keeping it in savings. One thing I’m interested in is owning a home, ideally by 30 which is a goal I’ve set for myself but don’t know how realistic it is. Please let me know if you have any suggestions :) thanks!
Submitted January 10, 2021 at 11:27PM by ramsya16 https://ift.tt/3ozKjQ7
