Context= I'm currently 17 and in college living with my parents and will turn 18 very soon.
I have been trying to learn more and more about investing/banking as whole to make more money in the future. My question is how much money should go to what. I plan to open a HYSA and a Roth IRA but I'm unsure which to prioritize or if it's even a good place to put my money. My guess would be ~50%=HYSA, ~25%=Roth IRA, ~25%= other needs or wants in my life. I've also heard that some accounts only make pennies every year depending on the bank so that is also one more thing I wonder about. What would you guys recommend for me to do?
And If I missed anything else that I didnt mention but you think I should know, please comment and I'll be sure to look into it.
Thanks you for your time!
Submitted October 27, 2024 at 12:22AM by maggotdiggerzzeb https://ift.tt/og3iaBG
