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.
Congrats! That’s not something to be embarrassed about, thanks for sharing it with us
Sometimes it’s nice to just write something down and be happy about positive change. I see no issue to just casually bringing it up. Be proud of yourself OP.
I hope you’re not keeping that on your bank account. Make it work for you. I’ve put all my savings into diversified, low-cost index funds.
I recently reached a point that I could pay off my house if I wanted to. I’m really tempted to, but I think I’ll just keep it invested.
Is it giving you a higher return than you pay in interest? Personally I’d pay off the mortgage.
Spy has been yielding double digit returns for years… That’s definitely bigger than most mortgages in the US.
Then you should get rid of your mortgage payments and put it all in that.
Eh…for a lot of people it makes more sense to keep your money in a high yield savings account instead.
At a minimum, please put that in a high yield savings account. A quick search shows there are still some between 4-5%. Fairly easy to setup and not too bad to get out of, if you need to. (That’s free $30-40 a month)
Once there I would consider where to start putting that money to work.
(Just some quick easy advice that you probably already know.)
Congrats! You should consider starting a Roth IRA. If there’s still a functioning economy 40 years from now, you will be glad you did.
