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I have had jobs in the past, but for the most part they were under the table or for a month or so. I’m currently starting a new job for the first time and I just need some help.

Here’s the information. I will be making anywhere between 800-1600$ a month depending on hours (20-40 a week) however I want to plan for about $1000 a month total to be on the safer side.

I am a student at community college and am lucky enough to currently not have to pay for rent/tuition/utilities + phone/internet (though this may change)

My current expenses include the following:

Medical: 200-250$ a month (though that should go down to 150$ in a few months - includes insurance)

Food: (groceries/eating out) 125$ a month

Entertainment/subscriptions: 20$ a month

Gas: 75$ a month

So I’m currently looking at around 500$ a month in expenses, though eventually will be looking around 1300$ minimum.

My question is what should I do with the other 500$ currently.

I’ve heard that you should be putting 10% into your 401k so that leaves me with around 400$ a month extra.

Do I just stick that in a savings account and let that sit on minimal interest when I’m not using it? Or is there a smarter/better place to put it/use it that provides an understandable return while not having to risk not having the money available in case of emergency?

I have no idea what I’m doing.

~Thanks



Submitted March 17, 2019 at 09:01PM by gracieskysoar https://ift.tt/2ObJRGl

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