I'm 22, I have two trust funds, one with 10K and one with 15K I have no savings accounts, one checking account, no credit cards, no debt and currently the only bill I have is a $50 monthly cell phone bill. I'm graduating college in May and will start working at a salary of 37K a year. Once I start working I will have roughly $500 in bills (rent, cell, car insurance). What I want to know is how much should I put away , how much should I spend on a monthly car payment, how much should I use to play around with for entertainment. Basicly, what should I do with my money? Also, should I do something different with my trust funds? One was setup when I was born and will be mine completely when I graduate, the other is an inhertance held in a trust for me recieve 50% at 25 and 50% at 30 but my father said he can arrange for me to get it earlier. Any Ideas?
2007-11-13
17:49:05
·
3 answers
·
asked by
Anonymous
in
Personal Finance