What should I do with my money?
October 30, 2007 7:09 AM Subscribe
I am trying to figure out what to do with some money and I have often seen useful suggestions on MeFi, so I thought I'd ask.
posted by bernsno to Work & Money (21 answers total) 14 users marked this as a favorite
Here is the deal: I am 22 years old, not entirely certain what I would like to do with my life working for a temp agency in Chicago making ~20/hr. My monthly expenses usually total somewhere around $1300/mo. including rent, insurance (car and health), though I have been known to be less than thrifty, but never to the point of going into debt or becoming broke. Otherwise, I have no debt and no big plans to acquire or do anything requiring me to spend crazy amounts of money, except possibly grad school. That being said I have recently been informed that there is a fairly substantial amount of money with my name on it --> ~$60,000 in two separate accounts. I am not concerned about tax consequences currently, but rather what to do with the money. I have looked elsewhere but it seems like everyone and their mom has an investment strategy website so it is difficult to determine what's legit. Any suggestions on the best way to become better educated, or simply what to do with the money would be greatly appreciated.