I just graduated and only have 6,000 in savings I was wondering if I am doing well for my age, and what are some ways I can do better. I just graduated college about 6 months ago, I’m 27 and work in education. I make roughly $3,000 a month, and after bills I have roughly $500 left a month. Once I buy food, gas, and other expenses I have less. I am trying to build up my savings, but something…

Unsure on how to balance my savings / retirement I’m sure this question has been asked a number of times here. I’ve been struggling with this for the past couple of years, and i’m starting to become restless over his topic. Some background. I’m 25 in a hcol making 150k annually. My net worth is around 270k. 140k is locked up in retirement, 25k in company ESPP, and the rest in an HYSA. My bigg…

401k and other savings method So I came from a third world country and just migrated in the US few months ago. I am almost 30 and no savings yet, earning 80k/yr. Is saving in 401k enough for retirement plan? What are your thoughts about it. I just set up my 401k yesterday, putting 20% of my bi-weekly income just for the start, planning to max it in the future years once deb…

My grandfather (82yr M) has no savings and debt. What should he do Hello, My grandpa lost his job after getting Covid in 2021 and was unable to continue working after spending 3months in the hospital. He has stopped working since and has no pension. He receives social security for about 1600 dollars a month. My mother helps support him with food, but he has a mortgage loan and a home equity loan still present. …

How to grow my 25k savings Sorry if y’all have seen this question a lot. I’m 26 and just hit 25k in my savings. I know it’s not alot but Im wondering if there’s anything I should be doing with it other than keeping it in my HYSA (I use Marcus GS). Is this enough money to even start investing or should I keep growing my savings? For context I pay $900 for rent, no care not…

Taking a Savings Break.. Curious the group thoughts on this. I’m 40 and started my professional career at 30. For the last ten years I’ve lived off one paycheck. I pay my bills and take my spending money from one, and for the last 10 years I used the other half to pay off my student loans and save up $110k for a house down payment fund, as well as another $25k in vario…

No Debts 30k in savings. How to invest? Hello everyone. 30yo mom of two divorced, here. I sold my house and currently rent with my two kiddos (weekends with dad). I got $100K in earnings which I used to pay every single debt I had, paid off my suv, paid off my student loans, all credit card debt and took a vacation. I have $30k left and I want to invest it but ídem where to start. I’…

At what point can you slow down savings Married single income House hold with 2 kids. 33/32 years old. Income 220k 401k 275k Roth IRA 40k Cash 40k Home worth 550k Mortgage 220k 3% Student loans 290k 5.7% Right now we are maxing 401k and 1 with IRA. No cc or car loans. 20k a year is now going into cash until I break 100k. We finally are almost debt free besides the student loan and …

I’m 23 with a Savings Plan Hello everyone. I have been running a PAC for about 4 years on 2 etfs. One based on Vanguard SP500 and one on Emerging Markets. Currently I have an allocation of 80% and 20%. I wonder if it would be a smart choice to add more to diversify or leave it as simple as this. submitted by /u/jacopo613

Question about 401k and savings I’m currently going on 32 and starting to look more seriously at my savings. Completely inexperienced with investing and the lingo. I currely make roughly 55k a year. Ive been putting into my 401k for the past 8ish years (before tax 401k deferral) sitting at ~50k. I also have the option for Roth 401k deferral. I don’t see myself moving to a high…

What’s the smartest way to distribute savings? I have 25.000$ in savings. This is how I distributed it so far: 12.000 invested in the S&P500 with 800 per month as a savings plan 8000 on investment bank account but not invested that I get 3,75% interest for. -2000 in my main bank account that are just sitting there but available immediately for emergencies. I get 2,25 % interest on this ba…

Savings and investments Hi all, So I started really saving and investing from 2016 seriously. From that point I’ve built up to around £145k split into the below. £50k into premium bonds only recently, this was held in my stocks and shares account previously £63.5k into my stocks and shares account within this I have £5k in a lifetime ISA and £2k in a SIPP I have £9k i…

Should I Invest my Savings? I am 19 and make $19.80/h over the last year I’ve saved up 15k, I also put money into my 401k. My employer matches 5% so I put in 5%. Should I be investing in more than just my 401k such as stocks, or should I just put more into my 401k every week. Or just keep saving normally. I am also in college and don’t pay tuition due to having a scholarsh…

Dad has no savings – not sure what I should be doing. Hey yall, as says, my 65 year old dad has zero savings. Like – zero. He doesn’t save his money at all, he spends it, gives it away, etc. He’s been in and out of my life but now being 20 I have a much strogner relationship with him. So i started thinking, and realize, he has not saved a thing, and realize what am I gonna do to help. Im a college …

What savings bucket should we reduce? My husband and I bought a house (we’re both 35). This was a big goal for us given we are living in a tiny place and we have an active toddler now. Saved a lot and got something we are extremely happy with. However, when planning for this the rates were not this high. With the current rates we will have payments $500 above what we had budgeted ev…

Should I spend all my savings travelling, or miss out? My friends and I are planning a 3 week trip to japan, we just got a quote for tickets and that alone will be about half of my savings (tickets are $1.2K, I have $2.2K right now). The trip is also being planned for just over 6 months away. My worry is that once I pay for tickets, I will still have to pay for accomodation, transport between citie…

After years, I managed to drop my Credit Card debt down to 30K left, and increase my savings up to 30K. Should I just use all my savings to pay off debt? Hello all, My 30K savings is sitting in a 4.6% HYSA My 30K credit card was consolidated at 0% intro APR, but will be 12% APR starting next month. Should I just even things out and use all my savings to pay off my credit card (leaving me with ZERO in my savings), or would experts consider that an unwise decision? I am clarifying that my 30…

25k in savings what should I do with it? Hi all. First post in this subreddit. Don’t want to get too personal but I’m pretty young, went to school and now have a good job. Currently have over 25k in my Wells Fargo savings account that my parents set me up with years ago. I still live with my parents and I’m very thankful to have free rent for now. My only bills are a phone bill and car…

How should I invest my savings? Imagine I (28M) am saving 1k euros a month. For the time being, I’m investing around 35% in ETF, the other 65% is going to my savings account. What would be the best way to diversify? Should I invest the other 65%? submitted by /u/Frequent_Food_3707

Very scared to touch my savings.. I need motivation? I have $10,000 in my savings! It took me 4 months to make it happen. I worked two full time jobs for 4 months straight. Prior to saving that.. I lost my job working at a cleaning company that went out of business and we got laid off, I was living from couch to couch, I developed a online gambling habit trying to make money and stay afloat, the g…