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I'm 19, living with mom, minimal expenses and I'm making a bit more than my peers ($1400/m) at my part time job. I plan on making ~$4500/m after graduating nursing school.

My allocation is as follows:

  • $200/m Roth IRA
  • $200/m HYSA (2.2% APR)
  • $166/m car payment
  • $100/m car insurance
  • 10% 403b (Employer matches up to 3%, but I have the extra to throw in)
  • The rest towards groceries, gas, entertainment, etc.

My contributions will increase after graduating, but this is what I'm working with now. My goal is to immediately put a down-payment on a house once I have a reasonable amount saved and am comfortable moving out of my mom's house. I expect to be around 23 or 24. My question is - should I be contributing more to my HYSA if my goal is to use it for a house eventually, or should I continue the 50/50 split between retirement and short term?



Submitted April 15, 2019 at 09:28AM by userrnam http://bit.ly/2UCI8k5

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