I work a travel job where meals are covered, and on my first monthlong work order, napkin maths says I will have just under 10k at the end of it.

Coming from a life where I lived in overdraft and HEROES act was peak living, I have no real idea what to do with this much skrilla.

I use a budgeting app that autopulls from my acccounts, and those show that I spend about $1200 per month without rent expenses.

I aim to put about a third of this money inyo index funds, and do mutual aid where I can, but am wondering what are some things more experienced chapos can offer to take into consideration when budgeting.

  • ItalianMessiah [he/him]@hexbear.net
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    3 months ago

    Max out employer-matching 401k if you have it. Shove a lot of money in your IRA for tax purposes if it makes sense. Invest as much as you can as early as you can. Putting down 10% more in your 20’s is going to be much more useful than putting 50% more in your 60’s

    High yield savings accounts are good but a lot of them require $100,000 to reach the top amount.