How to make the most of doubling my salary?
May 7, 2010 8:39 PM Subscribe
My salary just doubled. How can I make the most of it?
posted by anonymous to Work & Money (26 answers total) 13 users marked this as a favorite
I am 25 years old and I am going from making ~$45k to ~$90k. I am not a big spender or serial shopper so I'm not worried about that. I am just trying to figure out how to make the best of the extra money coming in.
At my age, I have the expected debts. About $15k in student loans, $9k in a car loan, and about $4k in credit cards. Just to note, I don't use the credit cards anymore and haven't for awhile. I do plan on selling my car and buying something cheaper since I'll be traveling every week. It's worth about $10k.
I've never messed with stocks or anything like that. I do currently have an ING savings account with an APY of 1.10%. That has about $2500 in it.
How have you grown your money? Stocks? Savings accounts? CD's? Etc?