So I recently got a new job and earn significantly more than I used to.
My salary is $72,000. I work as a software engineer, and in a year or two that number will go up (unless I completely bomb my job).
I have no loans or debts at the moment. My car insurance is around $70 a month for reasonable coverage in Maryland, and it could be lower if I weren't an idiot and didn't speed... I recently got a ticket for 80 in a 55, and that made me get to thinking about finances. Sure, right now it's easy to pay right off the bat, but it made me realize that I do want to be more careful with my money so it doesn't slip away due to either bad choices or negligence.
I have a fixed living cost of $1200: includes a decent apartment, electricity, water, trash, and internet. My cellphone service is free. My car insurance is around $70 a month, and I would say I spend about $200 annually on maintenance for it and probably $50 a month in gas (and no, I'm not in the 5 percent of the population that can use solely public transit in the United States). I would also say I spend about $60 in food per month, so rounding everything up, I would say I spend about $1400 per month, and after all my taxes are paid (without 401k deductions yet), I get about $4400 a month.
I need a solid plan on where the hell to put this money so I don't squander it. I know I can put it in a high-yield savings account, but I feel like *all* of it shouldn't just go in there that doesn't go into my 401(k), and info on the internet is extremely scattered.
Any help would be appreciated.
December 26, 2018 at 11:06AM
