Hello everyone. I'm a 23 (almost 24) year old, trying to get a handle on money, because I really don't know anything about it. I've been very lucky that I have a fantastic job, and no major debt, so I've been pretty carefree about money. Doing reflection on this, I want to step up my game and figure out how to actually make money work for me.
So, some details and a question.
My Job
$102.5k gross, as a software engineer.
My Debts
~$20k car loan on a 2016 Jeep Wrangler (yes, I know. But it was my dream car forever, and a year ago, without thinking a ton about money stuff, I made the plunge)
$4k student loan at 0% (to my parents. The only "requirement" is $1k per year)
Savings
$2k in savings
$10k in a CD - inheritance from Grandfather
$20k in 401k (Fidelity)
The question
So originally, I'd thought about keeping inheritance from my Grandfather as a start towards an engagement ring and wedding costs. I have a girlfriend, and we've talked about getting engaged in about a year, married in about two.
So what should I do with the $10k? I imagine my options are investing it, or putting it into the car loan. If investing, should I use Vanguard or Betterment? Or should I just let it sit in the CD (jack shit interest there)
I'd like to get my debts paid off as soon as possible, as my salary allows me pretty huge leeway in terms of doing things.