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re: How do I start saving after college?

Posted on 3/1/16 at 10:25 am to
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 3/1/16 at 10:25 am to
I got to do the free living thing out of school for a year as well. It was HUGE for me. I lost all of that money when I bought an engagement ring and put a down payment on a house , but it got my life started down the right path. Get your 401k match, but put money in a Roth IRA if you qualify. I'm fairly certain any principal you pay into it can be taken out without penalty. Therefore, it jumpstarts you retirement, but you still have the safety net.

If you are saving for a house of your own, find a high interest checking account. At the time, I found a 4% checking account where I just had to have 10 debit transactions and a direct deposit to qualify. It's since moved down to 2%, but still not a bad deal. Just have to be safe with your debit card and checks if you have a lot of money there.
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