What to do with my money?

Sep 13, 2016 12 Comments

A second year auditor here.

I graduated last year and have been living with my parents since. Don't really expect to move out any time soon. I don't have crazy expenses and pay minimum payments on student loans hoping my parents will eventually get to it one day.

I've saved some cash (15k~ ish) and it's been just sitting in my checking account. What is the best thing to do with it? I recently opened a Wealthfront investing account and put $5k into it. Hopefully that's a good start.

What else could I be doing? Roth IRA? More 401k? Go shop it all away?

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TOP 12 Comments
  • PwC
    CIO

    Go to company page PwC

    CIO
    Depends on the interest rate on your student Loans.

    1) Save up 6 months expenses in cash
    2) contribute to 401(k) to get company match
    3) pay off any loans over about 5-6%
    4) max out 401(k) (our fund expenses are very low)
    5) fund Roth IRA
    6) Payoff lower interest loans
    7) S&P index fund
    8) world domination
    Sep 13, 2016 2
  • This comment was deleted by original commenter.

  • KPMG
    PaulWalker

    Go to company page KPMG

    PaulWalker
    Put it in a Vanguard Index fund.
    Sep 19, 2016 0
  • PwC
    CIO

    Go to company page PwC

    CIO
    Beanie Babies. They're a sure thing!
    Sep 14, 2016 0
  • KPMG
    dsJs13

    Go to company page KPMG

    dsJs13
    save up to buy a house or apartment. in a year or two you will have enough for a down payment depending where you live. you can either live there or rent it out...or both. so for now I would just keep it liquid If that's the route you want to take.
    Sep 14, 2016 0