So I have $8k in the bank. No credit. No job. No debt. Live at home with parents so I don't pay for anything except food, gas, small stuff. I am a minimalist and pretty frugal about making any type of purchase. Enrolled in a university as an applied math undergrad with 1 1/2 years left of school (won't have debt even after I graduate). Plan to go into graduate school but not sure if I want to/need to. I predict that I will make around $33k-$40k on my first job (not sure if this is unrealistic, I will graduate from a low ranked university in my state). I cannot take on a part time job right now because I won't be able to balance it with my current academic workload.
My goal is to save up a lot of money but I don't know where and how to properly invest it into the right places. I am NOT materialistic so I refuse to purchase any property or cars. Any advice aside from the generic "save your money!/get a job!" is greatly appreciated.
EDIT: Also, when I think about purchases, I personally use a "10%" rule where if its below 10% of my total savings, I am more likely to buy it if its something I really want and I only make those kinds of purchases on Black Friday sales once a year. Not sure if this is a good rule to follow.
Submitted June 05, 2018 at 04:28AM by throwawaylifeat30 https://ift.tt/2J9WJxr
