Where put extra cash: $100 for 5 years and $50 for retirement

[alfa147x]

Thanks guys! A lot of good information to sort through

 

[PlasmaBomb]

engagement ring already?
i take it things worked out with you and this girl from last month?

Could you delete your link to L&R, there is a reason why it's a separate sub-forum and you aren't allowed to cross link...

 

[alfa147x]

engagement ring already?
i take it things worked out with you and this girl from last month?

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In that thread I kept referring to my gf. So not the OKCupid girl 😉

 

[alkemyst]

Hit up Vanguard and get some accounts set up.

Put the money away and forget it.

On of the best pieces of advice I can give anyone is never get deep into credit and learn to live on your means. This has two advantages...the main one is you never get lazy thinking you can float money...when you want something beyond your resources you need to step up.

Second, once you have established yourself at a fair wage, any raises you get should be split between paying yourself and paying your retirement. Many say split it 50/50. That way you still get the raise, but you also save more.

It amazing how fast money grows once you build it to critical mass, yet it does nothing when it's below that.