Goal: save approximately $300-450 a month to have a cushion in case I lose my job, get sick, etc. Would also like to start investing, but am worried about market volatility from what I've seen working at my firm the past year.
I am also hoping to switch professions in the next 6 months, expect a raise in salary and a signing bonus.
Background: -22 Y/O - College Educated w/ Political Science degree -No debt or outstanding financial obligations - No car, home ownership - started job with $50 in bank account
Currently reside in Chicago -47K a year salary - Rent (including internet, water, heat) $1,162.50 - Phone -$130 - Transportation (CTA) - $100 month, pre tax dollars) - Utilities - approx $20-40 depending on season
In bank: $4500 in savings (do not touch ever) and 28K portfolio (gifted) of precious metals I don't want to touch until I get a financial advisor.
I graduated college a year early so I spent the majority of 2015/2016 getting established. Had to furnish an apartment, get a work wardrobe etc. I know I made some stupid spending purchases (booze, clubbing, etc) in the past year and want to save more.
I know that the first thing I need to do is cut back on eating out and spending on beauty products (guilty Sephora patron) - wondering what easy ways there are to cut my overall spending, and ways I can save those extra dollars without giving up my entire social life.
Any advice is greatly appreciated!
Submitted January 09, 2017 at 03:04PM by bubbesparks http://ift.tt/2jaTrcI
