First off, I’m 18 years old in the Air National guard, I have a full time job currently making about 32k gross annually, and open to getting a second job. I currently have a HYSA in which I contribute $100 monthly.
Expenses and bills combined comes out to about $800 monthly. So, after my HYSA and expenses, I get to pocket about $1,000 monthly.
I have two credit cards, I pay off every month with a limit of $2.5k combined, and I have a credit score of 730 currently.
Now, couple questions,
Expenses and bills combined comes out to about $800 monthly. So, after my HYSA and expenses, I get to pocket about $1,000 monthly.
I have two credit cards, I pay off every month with a limit of $2.5k combined, and I have a credit score of 730 currently.
Now, couple questions,
- Since I am only in the national guard, I only make about $900 every three months from it. So, should I be contributing more to my TSP? (Currently at 5% Roth, 5% trad). I also have it 100% C fund.
- I plan on increasing the amount I contribute to my HYSA, but how much should I increase it to?
- My work provides me with a 401k, I don’t think they match it, and I just set it up, so should I contribute to it, how much should I contribute to it, and what do should I put it in?
- Majority of my expenses is my $400 car loan (6years left), I plan on using my bonus from joining on fully paying it off within 3 years, I don’t currently make principle payments because I don’t have too much saved at the moment, ~$3k. (I’m saving to pay for my car payments while I’m gone during basic)
- I pay my own phone bill, I have health and dental insurance from my job and national guard, I pay all car expenses including insurance, registration, safety, etc.., I don’t currently pay rent as I live with my girlfriend, I pay food expenses, and that’s all I can think of, is there anything else I should be planning on adding to my bills anytime soon?
- I ship to basic in a couple months, it’s 6 months long, is it possible to pause my car registration or any other bills while I’m gone? And should I?
- I’m planning on using tuition assistance for my degree once I am back from basic and tech school, I have the Montgomery Gi bill + kicker ($~800 monthly), can I pocket the GI bill for my expenses if I’m doing full time school and part time working?
- Is there anything else I should be doing?