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.

  • ContrarianTrail@lemm.eeEnglish
    91·
    2 months ago

    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.

    • PeppycitoEnglish
      8·
      2 months ago

      Is it giving you a higher return than you pay in interest? Personally I’d pay off the mortgage.

        • PeppycitoEnglish
          32·
          2 months ago

          Then you should get rid of your mortgage payments and put it all in that.

          • Iampossiblyatwork@lemmy.worldEnglish
            4·
            2 months ago

            Huh? If my rate of return > mortgage rate it makes more sense to be leveraged. If my mortgage rate was 10% I’d be paying off my mortgage.

    • dingus@lemmy.worldEnglish
      2·
      2 months ago

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

      • ContrarianTrail@lemm.eeEnglish
        2·
        2 months 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.