I’m finishing my bachelor’s degree debt-free this December. I already have a June–July internship lined up that feeds into a full-time role paying around $70k/year. The internship itself will pay about $8k over two months.

    Current situation:

    • Monthly income (now): \~$1,000
    
    • Monthly expenses (now): \~$500
    
    • Current savings: \~$3,000
    

    By graduation, I expect to have $10–15k saved. Post-graduation:

    • Monthly expenses: \~$900
    
    • That’s roughly \~20% of my take-home pay
    

    Plan once full-time starts:

    • Max employer 401(k) match (5%)
    
    • Fully fund a Roth IRA
    
    • After that, I’ll still have roughly $3,500/year available to save/invest
    

    I’m very fortunate that my parents put me in a position where my expenses will stay low for the first year or two after graduation, and I want to take full advantage of that window.

    Goals:

    • Build a strong long-term investment base
    
    • Save for a future mortgage
    
    • Save for a dream car (S197 Mustang, 6-speed)
    

    Ovc the mustang is taking the back seat but it’s still something I’d like to save towards

    What kind of percentage split would you recommend between:

    • Cash savings (house/car)
    
    • Taxable investing (index funds, etc.)
    
    • Any other buckets I should be considering early on?
    

    Mostly looking for general allocation advice rather than exact picks. Appreciate any insight.

    About to graduate debt-free, how should I split savings vs investing early on?
    byu/Kitchen-Instance-398 ininvesting



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