Hi,
I started working a corporate job as of August 18'. My base salary is currently 68,500 and I get OT for every hour above 40 for the week. My average check for every 2 weeks is about $2150 after taxes and deductions.
Being that I'm young and healthy, I opted for the cheapest healthcare plan which deducts $38 every check.
I live at home with the parents and I give $2600 a month to help with bills/mortgage for the house. My other expenses for the month are $500 for toll/gas when I have to drive to my office since it is rather far and about $80 for days I'm able to work locally and need Public transportation. My gym membership is 45$ and that is all for my main expenses.
My employer offers a 4% 401k match, so I have been putting 4% in myself each check into a target retirement fund.
I feel like I'm not in a good spot and not saving enough. Due to religious reasons, anything that has interest is out the question and not an investment option for me. Therefore, I have to verify the target retirement fund is okay but being if it is, what other options should I look at for investments? If I hold any stocks or trading, I have to report it to my employer and do it through them to avoid insider trading or any type of fraud due to my line of work.
I currently have about $7 saved in a checkings account. With a change in location coming in August, I'll be able to work locally and that $500 monthly expense should be cut down to about $100 for the month at most for regular use instead of doing a long commute.
How can I maximize my investments while avoiding interest and what are options I should look into? Thanks
Submitted May 15, 2019 at 10:50AM by camaro23 http://bit.ly/30lA2vl
