Hey everyone! I am 23 and clueless.

    I have no idea how to best allocate my money for the future.

    I put 20% of my income away into my 401k

    I’m just wondering how I should be best allocating my future revenue and current savings

    401k: $33,436.10
    Robinhood: $6,439 (all VOO)
    Emergency savings: $8,750 (non-HYSA)

    I know that I should be putting my savings into a HYSA but should I put all of that 9k into there?

    And I should be putting that much into my 401k or cut back to 15% (which would free up about $100-$200 a month that I could be putting into HYSA)

    What should I do with my money?
    byu/Much-Commission1 inpersonalfinance



    Posted by Much-Commission1

    1 Comment

    1. I would keep doing what you’re doing. 20% for retirement is incredible and if you enjoy your life as is with that, do it. Most people do like, 4%.

      Move 6 months of expenses into a HYSA

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