Hi all. I am hoping to describe my situation and receive some advice. If any more information is more needed for better help please let me know:
Situation:
I am a recent high school graduate. My (not first) job pays roughly $13 dollars an hour as of now. I can not accurately report my amount of hours yet, but I would expect somewhere between 20 and 30 hours a week. I will be picking up other sources of time-efficient income when possible. I am attending a community college in order to transfer to a four-year university. My schooling is currently paid for, and I will be receiving aid from the post-9/11 G.I. bill when I arrive at the four-year. My medical insurance, car insurance, etc. are also currently covered to a reasonable extent. I currently live at home, but that will be discussed more below.
Goals:
I recognize the fiscal benefits of staying at home for as long as possible, but for more complicated reasons and the purpose of this post I would like to move out as soon as I can: ideally sometime this coming winter. I would be splitting costs of rent (around $1,100 a month average in the intended area, without splitting) with my girlfriend, and should that fall through I have a couple of friends who are already sharing a duplex that would likely have the room. I would like to set up an emergency fund. This could be added to at slightly below the average rate because my parents would be willing and able to help with any true emergencies at the moment, but I would still like to have one. I would also like to begin saving for the future as soon as possible, and possibly investing ,etc.
Questions:
What do with what % of my money as is
What to do with my money assuming an increase in income, and at what point that change would be made
Is something like a robo-advisor (betterment, acorns, etc.) a good idea when viable?
Any other suggestions, advise, etc
Submitted September 13, 2019 at 07:43PM by whyisitspelledqueue https://ift.tt/3019DGw
