Hi everyone,
I have been a longtime lurker and I have learned a lot from this subreddit! I am currently a student going into my second last year of university and may be doing a year long internship after this year.
I have managed to save $20K in savings and currently getting 1.25% annual interest on that from my bank. Although it is better than nothing, I was wondering if any of you have any better ideas? I live with my parents and I give them $300/month to help with the bills. Upon graduation I will have about $30K in interest free student debt. I am not concerned about the student debt, since I can apply for interest-free status for many months after graduation and I should have enough money for that after my year long internship. Besides that, I have no other debt or fixed expenses.
I am currently working as a teaching assistant at my University and receiving benefits from a pension plan for a total monthly income of $600/month.
I have an entrepreneurial spirit and have been contemplating on beginning a startup business. I am majoring in Computer Science and would be able to start an online business, however, I want to hear if there are more reasonable steps I should take. I am also open to investing a portion of my savings in stocks, bonds or other financial instruments (even though $20K is not a lot).
Given my current situation, what should I do with my savings?
Thanks everyone!
Submitted August 12, 2018 at 04:02PM by forwardSystem https://ift.tt/2vDj79C
