I am a freshman college student, studying for a degree in computer science. I have about $6,300 in a standard savings account from my bank and add around $200 per month to it from a job I have doing social media for a small retail store. I will end up having a lot of student loan debt, as both semesters this year my parents have had to take out a $10k loan for. My parents have agreed to pay for my college, though, and are encouraging me not to spend all my savings on filling the hole of debt just a little. I am wondering what the best course of action is for my savings. Should I dump it all in a high-yield online savings account, invest using a platform such as Wealthfront, or start helping them pay the loans back? I do not feel that I am making the most of my money by just letting it sit in an account with a .01% APY.
Submitted January 19, 2019 at 12:21AM by jon4702 http://bit.ly/2QZuPU7
