Hi all,
My first Reddit post ever!
So I'm 28 yo and started my first big boy job five months ago after a couple years in the military and grad school. Now in a stable job that pays $100k with bonuses (likely getting a small raise soon). Financial situation is thus:
Debt: $5200 (mostly from a car I sold but ended up underwater on)
Rent: 1500
Savings: $5500
Investments: $18000 with breakdown into 7.8k in a managed account (guy takes 1%),5.2 in my 401k (been contributing 7%), 3.4 in contributary Roth, 1.3 in Robinhood (was giving monthly but switching to ESPP). The ESPP starts next period and I think I'm giving like 5%.
In total, every month I put 1000 into savings (but recently started to move that into the managed account); with employer contribution, I put another roughly $500/mo into my 401k. I've been making another 200 or so from stocks so far.
What should I be doing differently? Moving money? Giving more to other areas? Additionally, my girlfriend and I are looking at a car, which we'd split. Looking at a 10-15k budget (which we'd split). Is that wise, and if so, should we finance or buy cash?
Looking for any and all advice, and glad to answer questions.
Thanks!
Submitted October 05, 2020 at 09:09PM by eshapir1992 https://ift.tt/2GF47R4
