Yeah I'll be honest, I don't have much knowledge about investing and would really like to know more about how to better use this money.
- Salary: $80,000
- No Debt/Student loans
- Expenses: ~$1800 Rent/utilities/groceries.
- 401K: $13,000 so far (I contribute 20%, employer matches 50% up to $5000)
- $70,000 in a BoA Checking Account
I only just found out that I shouldn't be leaving all my money in a Checking Account. Is there a specific recommended savings account I should use? What would give me the best return? How much should I put in there and how much should I leave in my checking account? I've also seen mentions of Roth IRAs on this subreddit -- Is that something I should do too? Or are my contributions to my 401K enough?
Sorry for all the questions, I'm looking to become more financially responsible so I'm trying to learn as much as I can.
Thanks!
Submitted October 02, 2021 at 03:08AM by Halp_me_cat_is_asdfg https://ift.tt/3mbmm1u
