Just got a job out of college (21 y.o.), pulling about 40,000 before taxes. Currently I have about 12,000 in savings, am about to get paid for my first 2 weeks (1,500 pre tax), and have about 3,500 in Robinhood (all of which is liquid atm as I think about how I want to handle this. So by Friday, my total liquid assets should be ~17,000.
Moving took a decent chunk of change, but my monthly expenses should be relatively low from here on out (about 800-900 on 3000 pretax income).
I have elected to contribute to my 401k as much as my company will match (200 a month) , but am unsure on my course of action with my remaining assests.
Would it be wise to keep 3000 in savings for an emergency fund (2-2.5 months of expenses) and just dump the remaining 14,000+1500/mo. after expenses) at my college loans to lower my interest/mo.?
Should I try to contribute per month to a Roth IRA to try to hit my 5500?
I don't anticipate on starting saving for a house for at least 2 years when the girlfriend gets a job (she'll be our breadwinner lol), nor have any immediate savings goals.
Submitted July 03, 2018 at 12:38AM by CarsonWentzsACL https://ift.tt/2NlQDso
