After all expenses, I save about 1.5k-2k per month. What should I spend it on?
Hi all,
I’m early in my career (24M) and I am surprised that the budget plan I made for myself I have stuck extremely well too. I seem to save about $1500-$2000 a month, after 401(k), taxes, and all expenses. I can happily give a breakdown of my income and expenses for anyone that wants it.
My question is, is there anything that might be of value to me to buy now while I’m youngish? My bank account is high yield savings (~3.8% right now) so I’m comfortable leaving money in there, but whenever my savings balance gets above a certain threshold I have been contributing it to my Roth IRA. It’s probably not enough to meet the max $7k, but I will do a large contribution at the end of the year to meet that.
My question is - while I still have no kids, no mortgage, etc is there anything valuable that I should be spending money on that I’m not thinking about? Just look for some ideas! I have having money sitting around doing nothing. Thanks!
Posted Mar 8, 2025, 12:40 PM UTC