So I'm currently 24 and have about $500 of disposable income each month. My question is should I being using this money to buy Index Funds each month? Or should I put this in a savings account with a 4.3% APY? I want to save up and hopefully have enough for a down payment on a house in about 10 years. Then continue saving for retirement. I have a 401(k) from my job currently valued at a little over $14,000 and reccuring weekly deposits in a Accorn account so I'm not to concerned about retirement at the moment. I just want to make sure that I'm making the right choice as I currently put half of my disposable income into my savings account and the other half into Index funds.
Submitted May 13, 2024 at 01:57AM by KingPinfanatic https://ift.tt/30PJCYB
