Need advice on investment and finance management
TC:300k Monthly expenses: $2000 apartment rent + $1000 car + $1200 grocery and other expenses I contribute 4% of my base salary in 401k and also contribute in FSA. I am not sure if I want to stay in the USA in future or return back to India. Should I increase contributions to 401K? I don't keep track of how much money I spent every month. I did some online research and found free money manager and financial tracker app Mint. I have not read much about it. Do I have to add all credit cards and link bank account in it? How safe it is to provide all details in mint? Any other areas where I should contribute or invest from my salary every month? I will have $250K in cash by end of next year. I am planning to buy house next year. So I don't think I will have cash for investment after that. Should I open account in the bank that offer interest on the balance? Also, should I do will planning? Any other suggestions for investment and finance management? #personalfinance #investments
Mint and personal capital are trusted apps used by many to track NW. I personally use personal capital and love to see everything in one place!
Read https://engineerseekingfire.com/8-critical-decisions-for-a-successful-investing-strategy/
Definitely should increase 401k. You can save tax and there is a way to take the money back to india using roth ira later even if u dont want to wait till 60 yrs