Im making 73k right now. I just finished college about a year and a half ago. Luckily I have no loans. I am trying to find efficient ways to save more. Im not that great financially but my parents have guided me along the way. Im currently am a government employee and on the Thrift Savings Plan (TSP) which I match 5% but the tax is still too high so I end up putting something like 15% in even though the max matching is 5%. I have a Roth IRA account with Edward Jones that I put in $50 a month thats sitting currently $1.6k that I began in Aug of 2017. I forgot the reason but I recall someone stating Roth having an annual cap which is why I just let it auto to $50. Lastly I have 2 Certificate Deposits within navy fed: 15 month at 2.23% which I put $12k/50k and 12 month at 2.96% which I maxed out 3k. Theres no more reasonable CDs offered during this time.
At this point I can just keep putting money in the 50k CD put truly is there anything else I should look into? I have about 10k lose cash in my checking that I honestly dont know what to do with but want to do something. I turly feel like the CDs are a waste of time but I guess its better than sitting at a lower rate in my bank.
As for expenses I rent a room at $550 a month with everything included. Since college Ive cut down to mainly yogurt and salad. Most of my expenses are gas and dinner when I visit my parents or friends for the weekends. This results to a total monthly expensive $650-$1000. Most is due to the gas driving from LA to SD on the weekends. If I dont go home to SD itll usually be $650 a month.
Somethings on my mind.. My little sister is just starting college. I am also considering grad school. My parents are old. Dad is 60ish and mom is 50ish. I feel I should also prepare taking her under my wing sometime soon. What are you guy's thoughts? What are your words of wisdom and advice? Anything would be much appreciated (:
Submitted March 12, 2018 at 08:49PM by MilkTeaKing http://ift.tt/2IopOBm
