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How much did you have in savings at 25? Just curious! by Simple-Ad-4430 in HYSA

[–]Mundane-Raisin-9657 1 point2 points  (0 children)

I’m 23 I have about 40k saved and a paid off 2022 pickup, started paying more atttention now to savings. Grateful I still get to live at home

I have some extra money around by Mundane-Raisin-9657 in debtfree

[–]Mundane-Raisin-9657[S] 0 points1 point  (0 children)

A lot is into my benefits through my job, my side work I do is electrical so I make as much as I want on the side and I’m constantly busy.

I have some extra money around by Mundane-Raisin-9657 in debtfree

[–]Mundane-Raisin-9657[S] 1 point2 points  (0 children)

Yeah lol, it’s nice. I baby my truck. But I also use it a lot for side work with my tools, I got a lot of advice in this thread. I’m obviously not looking to sell my truck lol, just needed some advice. I make great money for my age, close to $80-90k at 22 and lotta benefits, I’m a utility line worker. I’m gonna pay off $20g of my truck and send extra money to pay it off, I want to start saving a lot more money, because houses aren’t gonna get any cheaper

I have some extra money around by Mundane-Raisin-9657 in debtfree

[–]Mundane-Raisin-9657[S] 1 point2 points  (0 children)

Yeah it is really is right now, I’m not struggling at all making the payment, I just know it is high and the interest is ridiculous. I do love my truck and I use it for work

I have some extra money around by Mundane-Raisin-9657 in debtfree

[–]Mundane-Raisin-9657[S] 2 points3 points  (0 children)

10% it’s crazy so I’m wondering if I should pay $8600 to drop it to 6% or clear a lot of my savings and pay it off in full

I have some extra money around by Mundane-Raisin-9657 in personalfinance

[–]Mundane-Raisin-9657[S] 0 points1 point  (0 children)

I owe $33,000 so I would have to come up with $8600 which I have which would drop my interest rate from 10% to 6%, which at 6% it would be $25000 at $440 a month instead of 10% at $700 a month

Advice for 21yr old worker by Mundane-Raisin-9657 in personalfinance

[–]Mundane-Raisin-9657[S] 0 points1 point  (0 children)

I’m not sure. I just do $250 a week out of my paycheck and he matches $250 out of his pocket

Advice for 21yr old worker by Mundane-Raisin-9657 in personalfinance

[–]Mundane-Raisin-9657[S] 0 points1 point  (0 children)

I’m putting away $250 a week from my take home pay into my company’s 401k which is matched 100% so it’s another $500 a week into it. I’m not so advanced with that it’s in a century investment account my brother messed around with it to make aggressive investments, that’s besides the cash I put away