this post was submitted on 02 Dec 2024
52 points (100.0% liked)
Asklemmy
44167 readers
1308 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Just put that money in an inaccessible investment instantly, SK you don't have it to spend in the first place. What that investment is, is your moral and fiscal choice.
Could be stocks, although yknow.
A friend of mine invests into stock of resellers. Maybe an SME, they are tax beneficial. Idk if those are a thing where you are.
Could even be as simple as a savings account. We’re all used to those paying a negligible amount of interest but there are a few high yield ones that may be worth it.
I started keeping more of my emergency fund in savings once I found a high yield choice, although it just dropped to 4.1% so I don’t know. These may have more constraints when you’re just starting though …..
But I really wanted to stress the above point of automatic savings. It’s really helped me to not spend, when I automatically put a little aside so it’s not even in my checking account to spend. Forced savings.
exactly, but op didn't want to open a new bank account which is why I didn't suggest it.