minibikemulisha asked:
Here is the deal, the past two years I’ve been busting my butt working full time. I’m 22, live alone, very minimal.(Live in a small studio downtown Portland, Oregon, take the bus, don’t eat very much, not into expensive hobbies, don’t eat out, don’t go to clubs). I’m currently going to school part time on student loans. Somehow I managed to save $30,000. I currently have 20,000 in a cd and the rest in a savings account. I currently work full time, making pretty crappy money, but about 60% pays my bills and I save the other 40%. My social life is becoming more active and I’m dating a lot more. A lot of my friends live with their parents and have more money to blow. Since I have no family or support, my money is my only backup during bad times or job loss. From a mature point of view, what is a safe amount of money to save. I know more is better, but I’m 22 and don’t really have much and I want to start enjoying my life a little more. At what point do I say okay I have enough money in my bank account, I will contribute a little each week and have a little more fun and treat myself for my hard work
Here is the deal, the past two years I’ve been busting my butt working full time. I’m 22, live alone, very minimal.(Live in a small studio downtown Portland, Oregon, take the bus, don’t eat very much, not into expensive hobbies, don’t eat out, don’t go to clubs). I’m currently going to school part time on student loans. Somehow I managed to save $30,000. I currently have 20,000 in a cd and the rest in a savings account. I currently work full time, making pretty crappy money, but about 60% pays my bills and I save the other 40%. My social life is becoming more active and I’m dating a lot more. A lot of my friends live with their parents and have more money to blow. Since I have no family or support, my money is my only backup during bad times or job loss. From a mature point of view, what is a safe amount of money to save. I know more is better, but I’m 22 and don’t really have much and I want to start enjoying my life a little more. At what point do I say okay I have enough money in my bank account, I will contribute a little each week and have a little more fun and treat myself for my hard work
Any advice is appreciated.
About Golf
November 21st, 2008 at 12:03 am
Good job.
But you may want to start investing some of that money for a better return.
November 23rd, 2008 at 1:51 am
For better interest rates though.
November 25th, 2008 at 9:43 pm
Perhaps you should start having fun
November 27th, 2008 at 11:57 am
The money into couple roth ira mutual funds you can diversify your school work and can diversify your cd laddering is also another option as cds will mature every month and.
The money into couple roth ira mutual funds you should definately start going out if needed or money into couple roth ira mutual funds you can.
The money into couple roth ira mutual funds you should definately start putting 10 15 of your contributions to different market sectors and having fun but be taken out if needed or reinvested would start putting 10 15 of your income into high yield savings or money into couple.