30k in savings at 20 I am a college student with no real expenses and I’m not really sure what to do with this. I’ve been working since as soon as I turned 16 and would save 50% of all my paychecks and since college I put 25% into savings. I am on a full ride scholarship so I don’t have tuition and my rent and most expense are covered. I’m on a quarter system so I g…

What do I do with my savings at 18? What do I do with my savings at 18? So I am 18 have little to no expenses and have about $15000 saved up. Heres a bit of a breakdown. Income: – Full time job 2400/month after tax -OT 600/month on a good month and definitely not guaranteed OT every month. on average 2500-2600/month after tax income. Expenses: -Car payment $500/month 0% interest -…

What should I do with 20.000 in savings ? Hello and merry Christmas, I have 24k saved up and another 9500 invested, what would be the wisest thing to do in order for them to grow? Should I just make an emergency fund of 4-5k and put the rest on vuaa as I am currently doing, or keep on investing the 500 euros i do anyways every month no matter how much I make? In case i want to start a b…

Not sure how aggressive to be in savings Hi All, Wondering how to go about my situation. TL;DR at the bottom. Me (33M, NJ): Net Worth: ~$100k, no debt. Considering homeownership after parents pass. Exploring early retirement (50-55). Income: $102k+ ($112-$122k with business). Retirement: $26k in 403(b), contributing 4% (auto-increasing to 15%, plan to accelerate to 6% which is the max …

LPT: Open a separate savings account for specific goals. Keeping your savings in a dedicated account helps you stay focused, track progress, and avoid accidentally spending it. Many financial institutions let you nickname accounts, making it even easier to stay motivated! That’s right, you can open more accounts! Most without additional charges, especially credit unions. Most of the time you can set it up online, or just as the tellers. submitted by /u/Alchemist_Joshua

Nearly at 5k in savings I have been working a second job on top of my 70k year full time position since mid September and am coming up on the $5k mark. My question: should I pay off my high interest (15%) car loan 5k ish left and throw the additional $420 a month into the savings on top of the part time pay check? Would be saving $1,740 a month at that point. sub…

85k in my savings, and I dont know what to do with it. Hi y’all. I am looking for financial advice. I am a 29yo. I make roughly 80k post tax take home. My budget is around 45k in yearly expenses, 10k for travel (important to me), and ~5k for investments (200 every two weeks) I already reached out to two advisors, and will schedule appointments with them as well but thought I could look here for some…

32 with 35k in debt, 0 savings and am scared as hell Hi all 👋🏼 as you can tell by the title I am in absolute shambles. I just started the highest paying job I’ve ever had. It’s not much but I should average anywhere from 4,200-5,200 a month and want to map out the next year or so maybe—just maybe I can get my life in order to some degree. Please if there are any professionals or those who have re…

How to start investing 30k of savings? About me •F27 •Located Qc CAN •0$ in debt •30k savings •im just finishing my masters degree so i do not have a career yet aka no stable yearly income •no real expenses: living with my parents and don’t own a car •my parents are NOT rich, i have worked and saved for everything i have Basically ive come to realize its a waste to leave my money si…

$6000 in savings… what do I do? I have about $6000 sitting in a capital one savings account, not really needed currently since I’m able to take care of all my monthly expenses and even more without it. What’s the best way for me to make passive income on it? submitted by /u/superfesoj

Pension but no savings Not sure if this is where I should post. I’ve never been given any tools as a younger person about personal finance and money management. I’m currently working in a job that will provide me a pension (I’ve paid 10% into since day 1). If I retire at 20 years, I will make 50% of my current salary, which is currently 170k. My employer offers a 401…

Thinking about traveling solo for one year using my savings! Not sure if this is the correct place to post this but I kinda wanted to get some advice on this. Basically I am 27M and am thinking about traveling solo for one year all over Europe and Japan and using my savings. I have saved up 80k CAD up until this point. The reason I want to do this is because I’ve had many mental health problems come up f…

Idk what to do with 20k in savings I’m a 25M ICU nurse with $26k in savings. I make $40 an hour. Paid off my student loans. My rent is $600 a month. I don’t have any money owed on my car. I don’t pay health insurance because I’m on my parents plan. So I save about 60% of my paycheck. I contribute 6% Roth IRA and 6% 403B in retirement. I know I should look into a HYSA but I guess …

Retirement & savings advice So admittedly I do not know a ton about finances. I guess I am looking for some guidance and reassurance that financially I’m on course to retire on time and I’m not making any big mistakes that could cost me in the future. I am a 34M and went through a divorce last year. I have two small children, the ex and I each claim 1. There is no alimony …

Checkpoint for savings at 45 I read some of the wiki and it says, “A checkpoint at age 40 is somewhere near $250,000.” I can’t find a check point at 45. I’m unfortunately starting late in life, but I find myself for the first time in my life making almost 5x-ish my yearly budget. I’m 39. I have about $80k in retirement. I won’t make the 40 checkpoint. I want to kid if step …

How do I maximize savings? I am an X-ray tech doing travel X-ray assignments ranging from 1800-2500 a week. My ultimate goal is to move to Florida on the East coast. I’m 23 years old but looking for advice because I want to maximize my earnings. I know I’m nowhere close to retirement but do you have any advice to someone new in the field? submitted by /u/rockies70 …

What to do with ~$20k savings? I (27M) am wondering what to do with roughly $20k in savings, and an 800 credit score. I am woefully undecided at the moment, so please help me figure it out! 🙂 Part of me wants to buy a 2br condo to move into, and rent the other room (South FL). Part of me wants to start my own business. Part of me wants to go back to school and obtain a maste…

$16,000 in savings and not sure what to do with it. Hello I’m an 18 year old living in America and am wondering what I should be doing with my money? I have $16,000 that I have been saving up for no reason and don’t know if I should be investing somewhere or if there is a better way I should be handling my savings besides just a primary share account. I work part time, I don’t owe anything on my …

Unsure what the wife and I should do with our savings. My wife and I (32) have 110k in a HYSA and 5k in our checking. My wife makes 75k a year and contributes 5% to her 401k which hits her employer match. I just had to start a new job and I make 68k a year and contribute 12% to my 401K with a current match up to 3% and after a year will be raised to a match of 6%. We currently have a 7 month old and…

Loan and Savings advice Hello, I’m currently 29 years old. I have $68,000 in my high yield savings account (4.5%) interest. $40,000 (4% interest) in student loans, and $17,000 (3.99% interest) on a car loan. Seeing if anyone has advice for me. Should I pay off my loans and become debt free or continue to make payments and earn the 4.5% interest? Also have been consider…