Looking for some advice on what to do with my money.. I'm a 32F, single mom and just built my first house. I'm have a good job (Healthcare) and base pay I'm around 85k, I'm able to make overtime so based off last year I'm projected to make around 100-105k. I currently put 12% in retirement at work, and I also contribute $100/mo to a IRA. My current retirement accounts (I have 3) are sitting around 60k. My bank accounts in total are at 60k as well. Monthly expenses are my mortgage ($1500), electric/water/internet (around $130), car ($400) and then food/fun/daycare. On average I take home $5000-5250/mo (I also receive child support but I don't ever expect to get it), so I'm banning quite a bit monthly- I'm fairly frugal with money.
Basically, I feel very fortunate and in a good place financially, but I'm wondering what to do with all the cash in the bank? Do I open a Vanguard account? Do I up my contributions to retirement through my employer? Do I max out a Roth IRA?
Any advice helps! Thanks!
Submitted June 12, 2021 at 08:56AM by Silbersp https://ift.tt/3iC50uM
