Related Posts
Can someone explain what “healthcare” is?
Recently Store Managers have been offering me jobs from different locations but same company in my town. The company is T-Mobile. It’s going to be my first job. I have a couple questions for any former/current employees. Is it better to work for T-Mobile, metro by T-Mobile, or a third party T-Mobile? Any difference in benefits or wage? Thanks
More Posts
Can capgemini pay 35 lacs at c1 band?
Hello fishes, I have 5+ years of experience in logistics and online operations. I have worked for market leaders like Swiggy and Amazon.
Currently working with Amazon Last-mile at L3 for 3+ years. I am looking for a change in Delhi NCR. Could you please suggest something to me. Flipkart Delhivery Myntra Meesho Blue Dart
Additional Posts in Consulting
Carol Baskin, amarite!?
Can you pay for Invisalign with your HSA?
Book recommendations for new executives?
How do you figure out who your spirit animal is?
New to Fishbowl?
unlock all discussions on Fishbowl.
Pro
Open up a Roth IRA if you haven’t and max that out — $6k a year.
Emergency fund: depends, how many months of expenses would you need in a savings to not feel stressed in case something unexpected happens? I’m 23 and have about 6-8 months of expenses in a HYSA.
In this environment the more you can keep
The better. If you pay rent, have a mortgage, etc you’ll need to account for that. 6 months is good. 1 year is extreme but better! It’s your comfortable level.
My mortgage is approx $2k per month, so I try to keep at least $24k on hand.
3 mo of expenses is what I’m currently going for (but I’m younger) with a family and more responsibility you may want to save up more as you have more on the line. I think 3-6 mo is fine if you’re young and single but as I get older I want 12 mo of expenses liquidated and ready at any given moment
I live in NYC and make 120k FYI. Haven't been maxing out 401k because I was always scared of an emergency popping up where I would need the money, but I think I have a year+ worth of savings across my bank and wealthfront account, plus 25-30k more in Accenture stock (I know... I should diversify🤦🏽♂️). I was going to dump more money from my savings to wealthfront, but should I just increase my 401k contributions as well?
Work left to right, top to bottom
Get it up to 6 especially in this environment. Ditch wealthfront and just buy a low fee index fund (Fidelity and vanguard have great options)