I started my first full-time job in Sept. I contribute 10% to my 401k (enough to get full match), max my Roth, max my HSA (including employer contributions), and save $400 monthly in an online savings account. The above equals 35% of my gross income.
I recently recieved a bonus for completing the primary credential for my field. Currently my emergency fund is only $1,200. However I think I would like to invest my bonus when the market is down a bit instead of putting it into my savings account paying 1.0% or so. What are your thoughts on this?
I don't have any debt besides student loans totaling ~3k at a low interest rate. My monthly expenses are roughly $1,400-1,600 so my goal is a 10k emergency fund, which would be complete in ~2 years at $400/month.
I recently recieved a bonus for completing the primary credential for my field. Currently my emergency fund is only $1,200. However I think I would like to invest my bonus when the market is down a bit instead of putting it into my savings account paying 1.0% or so. What are your thoughts on this?
I don't have any debt besides student loans totaling ~3k at a low interest rate. My monthly expenses are roughly $1,400-1,600 so my goal is a 10k emergency fund, which would be complete in ~2 years at $400/month.