alessandrahype
alessandrahype t1_iubz8wb wrote
Reply to comment by thescoop_ in What do you do with extra money after you have an emergency fund + no debt? by [deleted]
Okay gotcha... putting it in a HYSA would make me the most comfortable, but I wasn't sure what the recommendation was for small amounts of money specifically. It's not like I regularly get windfalls, but I do regularly have small amounts of money appear and I don't want it to go to waste!
alessandrahype t1_iubyf2x wrote
Reply to comment by AdditionalAttorney in What do you do with extra money after you have an emergency fund + no debt? by [deleted]
Ok interesting...
So I don't have a car or a house, but I live in a very HCOL city. Vacation is one of the main things I want to save for going forward. I just upped my 401K contribution so in this new budget, I should have about $700 cash left per month that I'd like to put in sinking funds.
I think I want to avoid having 100% of my extra income tied up in the 401K because I want to .... live life lol so if there's a month where I actually have $1000 left over, I'd like it to go to good use
alessandrahype t1_iubx7ge wrote
Reply to comment by DarmokTheNinja in What do you do with extra money after you have an emergency fund + no debt? by [deleted]
Okay gotcha... What about if you wanted to use the money in 5-10 years instead, would you still use a HYSA for it then?
Basically, I'm trying to get a feel for how best to use extra money towards medium-term goals
alessandrahype t1_iudu2t1 wrote
Reply to comment by thescoop_ in What do you do with extra money after you have an emergency fund + no debt? by [deleted]
Great way to put things in perspective, thank you!