Leon_Winters2023
Leon_Winters2023 t1_iuk4qim wrote
Reply to New grad, need advice by PM_MEYOURB00Bs
You're doing awesome for your age, well ahead of your peers.
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You should invest the amount into your 401k to get the company match. I'd personally only do that and nothing more.
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Alongside this, invest the full $6,000 into a Roth IRA. Do something simple like VTI or VOO.
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Dont move out until you can get a 10% down-payment on a home. I know it sucks living at home because you think it might impact dating, but if you have a house at 25-26 your dating life will be amazing compared to renting from 24 and beyond
For a car, take your post tax income/2, and that should be the maximum budget. It can be a new civic, new Mazda 3, Corolla. Or a used luxury car. Just don't buy anything crazy over the limit.
Leon_Winters2023 t1_iuk85x3 wrote
Reply to comment by PM_MEYOURB00Bs in New grad, need advice by PM_MEYOURB00Bs
Don't be afraid to buy new if it's a reliable car like Toyota, Honda, or Mazda.
Mazda 3, Corolla, Camry, civic, accord. Personally I'd go for a Mazda 3 for the style haha and the fun of it. But Camry is best bet for just no nonsense.