Hi everybody!!
As it said in the title, I have $13k in my savings and am almost at my goal of $15k. This goal is the amount I need to pay off my junior/senior year of my bachelors degree. I am about to enter my junior year and wanted to have this beforehand so I didn’t have to worry about paying for tuition/books for the rest of my degree.
I plan on being at my goal within the next three months, by May the latest.
My question is.... Of course I want to keep putting money into a readily-available savings for my eventual graduate degree, but now that I don’t have to worry about debt for my bachelors, I feel like I can start putting some money into a retirement account so it can grow. I hate just seeing the amount stay stagnant, but I needed this $15k to be accessible for school.
Is now the time to start saving for retirement or should I put that money towards an account to buy a house after school, or keep putting money into my bank savings account the way I have been?
Right now I have about $6500 left on my car loan and that is the only debt I have. Now that I don’t have to worry too much about my degree for the next two years, I want to aggressively pay that off as soon as possible.
For my savings account, I put a minimum of $500 in a month, sometimes $700 to $1000 if I have the money, but $500 is always set.
I make an average of $2000 (sometimes a bit more) a month working full time and my expenses average at about $1085, $1585 if I include what I want to save. I am a full time student, and my next two years of school might be more demanding and require me to work a little less.
Any advice would be greatly appreciated!! Thank you!!
Submitted February 05, 2020 at 12:51PM by cosmiccanis https://ift.tt/3bgEu3J
