Author Topic: How to distribute savings...  (Read 725 times)

RyanGreener

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How to distribute savings...
« on: March 07, 2018, 04:24:05 PM »
Hey everyone. I recently came into the world of frugality/minimalism (or whatever you guys call it). Still pretty new and I've really nailed down my budget/expenses etc. I have a few questions about how you all think I should distribute savings. Right now, my savings rate is relatively low at 20% because I'm trying to get rid of some debt (right now, this debt is of the 0% intro apr due to some credit card churning, but it won't be 0% for long). I'm contributing 5% to a government TSP (which gets matched to 9%), then I contribute 15% of it to a high interest savings account. I'm really new to all of this stuff and I'm sure you all may have other suggestions, so I'm here to hear them out. When I can afford to save even more of my income, where do you suggest adding the other 30% too? Not really ready to invest and I'd probably stick with a roboadvisor of some sort as a beginner until I learned.

Thanks!

clumlee

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Re: How to distribute savings...
« Reply #1 on: March 07, 2018, 04:59:46 PM »
In the "Investor Alley" section of the forum there's a thread "Investment Order". That's a really good guide. Like everything, you look at that and you may want to adjust your order or numbers to tailor to you.