20 year old with 80k, am I distributing my finances correctly?
Good afternoon,
I am a college student in need of some finanical advice. I have been saving money since high school and have put aside a pretty hefty amount. Here is a break down of my accounts :
Roth Ira: $1200 I bonds: $2700 Hysa + emergency fund: $36,100 Index funds: $2900 Real Estate: $26,000
Money set to come in from a settlement case: $12000
TOTAL: ~$80,800
Would anyone mind giving me feedback on how I should better allocate my finances. I feel like I'm doing pretty well and make it a point put money into my investment and hysa accounts but I still would like some feedback. For reference, I am a 3rd year uni student who is premed. I have quite a lot stowed away in my hysa as opposed to Index funds because I would like to use some of the funds during medical school as I may not be able to work during that time. I dont want to be strapped for cash or living out of a mini van lol so I've been preparing in advance to avoid any financial woes.
Monthly expenses break down: Car payment: ( I am months ahead on payments) $374 Gas: $120 Roth: $160 I bonds: $200 Index funds: $300 (fluctuates, just started doing this) Hysa: $500+ + (~$110 in interest) Groceries: $160
Thoughts? Is there a better way I should distribute my finances? All advice would br much appreciated.