Turned 28 a few weeks ago. I did have a bit of a rocky road earlier in my life which lead me to start college later than normal, at 22. I do have about 10k in college debt, but since interest on that is deductible, I'm not in a hurry to pay it back.
I have a car that I cleared long ago during the time I worked before college. I rent a pretty big place. I really wanted to live in something nice after those crammed college appartment years and I do no regret it one bit even if it's significantly more expensive. I'm estimating my monthly expenses to be at 50% of my net income.
One of the things that helped me the most with saving was leaving my ex of 4 years. She really liked eating out, and not to cheap places, there had to be several courses and wine. She also liked events and shows a lot, which all end up costing. That being said, I just somewhat regret those activities, because most of the time they were time very well spent.
Anyway, enough spilling my life on here, I'm sure most people don't even read to this part lol.
My question is : what now with this 50k in savings? I have almost everything in a savings account which net me a free 60$ a month (1.5% yearly). It is low but it's safe.
Some of my collegues are buying property and investing. I don't think I have the guts yet to own something and rent it (but I never tried, so who knows). As for investing, I actually opened an investing account with my bank recently. It's an account without advisors, I buy and sell stock by myself.
Submitted July 29, 2017 at 09:39AM by PKSubban http://ift.tt/2uIui0V
