u/InvestigatorThat5062

Hi, I’m 24 and kinda just getting into the whole finance atmosphere. I have 2 credit cards I use for every day life. I have my money in a HYSA. I have a Roth IRA, and I have an independent brokerage.

I have seen some people say they use ONlY a HYSA for everything. Rent, credit card payments, everything and anything.

To me it makes sense to keep money you’re gonna spend in a checking acc, and maybe everything else in a HYSA. Bc ultimately then you’re getting more interest yeah.

I just want to know people’s thoughts on this. Idk, open discussion sort of forum.

I have been getting into the habit of tracking spending/saving/income for the last 8 months. Just use an Google Sheets spreadsheet with basic commands in it.

I’m just curious what others do so I can change my own to make it better. Right now I split my paychecks 80/20. 20% going to savings. The 80 is for day to day life. Within that 20% I put $100 into my own brokerage rn in the form of $50 biweekly split into $30 VTI/ $20 VXUS.

For tracking purposes, I count it in the “spending” category, although it is technically saving bc I just plan to set it and forget it.

What are systems you use to organize investments better? I also contribute to my 401k and $100 to a Roth every month. It’s with a financial advisor and I’m set at $100 but trying to get out of that relationship and do it on my own bc then I’d just be putting more into the Roth!

Thank you! Any feedback is appreciated.

I got an email today from Robinhood saying I’m Preapproved for their gold card. It’s a good card as many of you know, but I just got C1 Savor a couple months ago. I know I shouldn’t apply for a new card right now, but I’m wondering if the pre approval stays forever? Like… in 5-6 months could I still have it and have that gold card be my next card I get? As long as my credit history stays the same or improves?

I have a full time job, albeit a baby big boy job so I don’t get paid a lot. 24 years old, hourly employee so it’s hard to estimate what I make with biweekly paychecks bc it’s always different. I averaged it out to 35hrs/week brings in about 2280 a month after taxes. I also have a side job making about 500 a month…

My FT job income I put 20% into savings ($450ish) and 50% of my side job income into savings. So I’m adding about 700, maybe slightly more into savings every month. I have 10k in savings in a HYSA (~5 months expenses).

Here’s where I need help:

With my job, I have a 401k and get the full match (5% gross and they match 4%). I put $100 into a Roth every month (all I can do… it’s controlled by a financial advisor so I can’t make manual contributions). I have $700 in my own brokerage (VTI/VXUS 60%/40%). So I put less from my side job into my savings and invest more now? Keep on doing what I’m doing?