Hi all,
I just wanted to thank you all for the advice given close to two years ago. Sine starting the job, I've managed to save $40,000 AUD. I've now moved onto a higher paying job around the area of $80,000 PY.
With all the great advice given in the previous post, I would like to ask for some suggestions regarding my next step. The 40k is broken down as follows
$8,000 Emergency fund
$5,000 in savings at 2.3%
$7,000 in the market
$20,000 in a two-year locked account at which point I plan on purchasing a rental property.
With my level of income being higher than the medium, I'm able to save a lot more now and would like some advice on where to be putting my money. I feel like I deserve a "treat" after such a rough year but I'm not sure what % of my savings/income is a sensible amount to spend on myself/fiance. About 6 months ago we decided to join our finances (I know this sounds silly but we have legal agreements in place and it just makes sense for our situation)
Any suggestions would be amazing. Thank you again
Submitted October 26, 2020 at 08:30PM by RealNym https://ift.tt/34tpGO3
