How do I start saving money now that I'm actually making it
April 12, 2011 9:27 AM Subscribe
If you were 22 and making a good amount of money at a new job for the first time, what would you be doing now to have a better life later?
posted by anonymous to Work & Money (59 answers total) 51 users marked this as a favorite
My lack of knowledge about all of this is disgusting.... but I'm going to keep it short and just get to the point.
I recently graduated from college, I'm 22 and I've just gotten my first job with a salary, benefits all of that.
Prior to this, I had a debit/checking account with Bank of America and then some savings account that I've had since I was a baby that I kind of don't keep track of and is more in my parent's hands.
For the first time in my life, I'm getting a paycheck every two weeks that's more than two thousand dollars which is huge for me because I'm used to working at minimum wage retail jobs. I chose to have my checks direct deposited in my debit account but it's getting to the point where I don't want that much money in my debit account at any given time.
What I'm saying is, I need some real life advice on what I should be doing with this money. Do I open a new savings account? If so, what kind? I'm trying to make good decisions now so that I can possibly benefit from them later.