this post was submitted on 07 Nov 2024

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Finished high school 7 years ago. been working for 6 of them. first time i reached $10,000 in savings (25yo) (lemmy.world)

submitted 2 weeks ago by MidsizedSedan@lemmy.world to c/casualconversation@lemm.ee

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Too embarassed to tell anyone I know IRL, but am excited for my new future. Been throwing alot of money with small things. PC, alcohol, movies (and im ashamed to say, funko pops). Recently i took the plunge and cut out alcohol in an attempt to get my life together, and i feel like i have a whole new start.

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[–] dingus@lemmy.world 2 points 2 weeks ago (1 children)

Eh...for a lot of people it makes more sense to keep your money in a high yield savings account instead.

[–] ContrarianTrail@lemm.ee 2 points 2 weeks ago

For your emergency fund maybe but the interests are a lot higher when invested into something like S&P500. Failing to do so means leaving money on the table.