A little background: I'm 25, currently I make about $33,000. I have $3,000 in a HYSA, about $3,500 in my checking account, and $5,000 in an IRA (added this year).
As for debts I have ~$12,000 in federal student loans (4% interest). Each month I usually have $4-500 left over after rent, bills, etc. I realize this is a small amount of money, but I'm not sure what I should be doing with it. I'll max out the IRA but that will only take about 2 months.
Should I continue adding to the HYSA? Throw it at the student loans? Open a brokerage account? I would add to my 401K but currently my company invests 0% due to the fact that I've only worked there for 7 months.
Any advice is appreciated.
Submitted December 14, 2019 at 06:25PM by uberkitten https://ift.tt/38GCJfa
