Some fundamentals: I am 28. I dwell on my own with no dependents. I am at present salaried at 54ok. I’ve no financial savings (no 401ok, no financial savings account and so forth). I’ve no bank card debt. I do have about 6k in scholar loans, however it’s at present frozen as I’ve began again in school half time. Nevertheless I am paying for my present lessons out of pocket (about $2000 or so each semester) in order that debt is not constructing in any respect.
I carry residence 3,400 a month. Hire + utilities comes out to round 1,350 a month. My automotive is in my mother’s title, however I give her 300 a month for each automotive fee and insurance coverage. Fortunately job solely covers my medical insurance so no funds there. I believe I spend round 250-300 for meals/toiletries and such, so my month-to-month bills come out to 1,950 ( not counting the 2000 I am dumping each Three months for college)
Whereas I would not say I am dwelling from paycheck to paycheck, I am discovering my checking account hovers round 1500-2000 at any given time, by no means actually shrinking or rising. I haven’t got any form of financial savings and I have not been contributing to a 401ok as a result of I do not consider my firm matches in any respect. I assume I am searching for any recommendations on reducing prices and investing what cash I do have, as I really feel a bit late to the sport not having any form of plan at 28. Let me know if another info can be helpful, I am a bit new to this.
EDIT: Oh! My credit score rating is 726. I do not know if that is related in any respect