Honestly in 90% of cases I wouldn't bother saving anything at all until you get a real job
The paltry amount of money you are able to save in your early 20s is nothing compared to what you will be able to save in your late 20s or early 30s, and the difference it could make to your lifestyle right now is probably significant
Keep a month's worth of living expenses in an emergency fund, and maybe save for a vacation or a big purchase, but outside of that blow it all on good times
Having said that, if you have 10k you're not inclined to spend you should invest it somehow, sitting in cash is a waste
Easiest thing is ETFs, but do your research, some people think ETFs are a bubble about to burst. Choosing the right fund is key.
If you have more appetite for risk and time to manage it you could get in to options trading, a relatively safe way to leverage your money, so your $8k could potentially control tens of thousands of dollars worth of stock.
You could also afford a down payment on a house in certain real estate markets (ie rural), which you could either renovate and flip or rent out
Basically an ETF is a fund that owns a small interest in many large companies, this way it is protected from the fate of any individual company, and the returns will basically mirror the economy as a whole
It's a set and forget investment, dump your cash in and you don't have to worry about it for years, but as they say, low risk = low reward
>the cheapest apartment here runs around 400k
If you are buying the house as an investment it doesn't have to be anywhere near you, it could be on the other side of the country
>>25791596 $10k a year is on the really cheap end. More realistically it's like $15k-$20k a year for a good public school, but private universities (these aren't worth it if they aren't super prestigious), can go from $30k-$60k a year.
You just pay for your education through higher taxes. Americans have lower taxes but higher tuitions.
>>25791596 Went to CC for 4 years, took mainly online classes that barely cost any time
Netted me 22k. Then I went to a state university that netted me about 4k more due to scholarships, the Pell Grant and Bogfw paid for rest.
Got 26k for my Bachelor's. Didn't bother working the entire time, just dicked around and lived the sweet NEET life because I was stalling out my degree for cash.
Honestly, I would have stalled it longer since I wanted to live the lazy complacent life for as long as possible, but financial aid only lasts 6 years. Interning was a pain, but I'm working for that company and they'll pay for my master's soon as well.
>>25791947 If you go to a community college, it can be 100% paid. I took longer time, despite starting with AP credit and shit. Three years off mostly full time, and a summer class. State and Federal grants (not even any extra) covered all of it. I was with my parents though, so they covered rent and food. I even got like $750 back for each full-time semester.
University is where they really Jew the hell out of you. My university is nowhere near grocery stores or anything, they explicit put it out of the way. Most of the students have cars and get scholarships set up for them by family or faculty, all the women have bfs that help pay for them, it's all this shit. What's really disgusting is the cost is easily twice, if not three times, despite the classes being 75-150 students a lecture and the classes being complete shit that an app could do better. Meanwhile, one of my classes at CC was every-other year, only needed for Engineering majors, and we had 8-10 students.
>>25792045 Normalfags just get money handed to them.
>someone sets them up with a job in high school >parents pay for any car they need >someone sets them up with scholarships and work study for early college >someone sets them up for internships and bigger scholarships later college >someone sets them up with a job after school >in school they do less than half the work someone normally does because they just copy off friends and beg the teacher to let them retake tests and shit
>>25792252 not really normalfags, my parents set me up with a semi-okay job for when i finish school, but seriously, there's no way in hell my parents would pay for my car, if your parents pay for your car your parents are obviously rich AF and you're spoiled AF.
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