I’m a college student and on a full ride scholarship at my university. My housing is free as well so my only expenses are food, hobbies, and gas which I pay for with my job.
I would like to take a trip when I graduate (1 and 1/2 years until then) but I would also like to invest most of this money in the meantime.
I vaguely understand HYSA and Roth IRAs but don’t know where to begin.
Any tips ?
Received 15k from a settlement, what do I do with it?
byu/mmmalewife inpersonalfinance
Posted by mmmalewife
4 Comments
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I’d set aside whatever I think the trip will cost + $1k buffer in a HYSA so it’s safe and easy to grab when I need it. Anything beyond that I’d lock into a CD or something for the better rate.
Buy XRP you will have many trips to come
RothIRA is so not what you would put your money in if you wanted to spend it traveling. RothIRA is for *retirement.* Get a HYSA online or a CD at your local bank.