Hey guys, hope you’re doing well. I have a bit of a unique scenario I wanted to pick your guys brain about.
So I recently graduated last year and have been working full-time. Being at a startup, I’ve been making decent money and living at home so my expenses have been virtually 0. However, this comes at the cost of time as my commute is 50 miles one way.
Next year, I’m going to start an online masters. I will be joining another company that will fully fund it. I won’t be able to live at home anymore because with the commute, I would not have time for school.
I also know that by next year, if I save almost everything, I should have between 60-100k (depending on overtime), a decent amount for a downpayment on a house.
This is attractive because I hate paying rent. However, this number is all my money, which means I would not have anything in my 401k or Roth.
I could separate a portion of the 60-100k to put in a 3-month emergency fund.
It is worth noting I have no debt as I paid off my college loans.
What do you guys think is the best way to go?
Thank you so much for your time and help!
