I want to be like a squirrel putting away nuts for the winter.
May 15, 2010 2:03 PM Subscribe
Twenty-something Canadian girl would like some financial and investing advice.
posted by catburger to Work & Money (15 answers total) 16 users marked this as a favorite
Hello, strangers on the internet. Give me some financial advice.
I'm approaching my mid-20s, graduated from university less than 3 years ago, have paid off all my student debts, have a good amount of savings, and a decently-paying job in a field that I am interested in.
Lifestyle-wise, I'm living pretty frugally. The cost of living in my city is high, so I'm living with the folks for at least the next 2-3 years so that I can save to buy my own place. I have no car of my own (and no firm intentions of owning one yet, as public transportation works well for my needs). Most of my planned spending goes toward clothing, eating out, and entertainment. I have also traveled quite a bit and intend to continue pursuing this interest. I do not have a big monthly cell phone bill, nor do I spend above my means with a credit card. I occasionally have family obligations involving money (but this is not a major area of concern). Right now I have a chequing account and a high interest savings account - that's it.
I realize I am fortunate and in a good financial situation that not many recent grads can say they are in, so I would like to take advantage of this time to start researching investments and start responsible financial habits for the rest of my adult life. Otherwise, it's entirely possible that my money could be spent on frivolous things, or that I could spend my savings on something that I don't need due to peer pressure.
I've tried to look for some personal finance blogs, but many of them seem to be American or targeted toward an older audience. I am mid-20s-ish, living in a large Canadian city, and somewhat risk-averse about making investments. I am female, if it matters.
Any help would he appreciated! Thanks MeFi.