I am an Airman in the USAF. Paygrade of E-1. I'm 19 years old, debt free, and have no living expenses. (I live in the dorms for free and eat for free in a dining facility.) I take home about $1100 a month net, but thats after taxes, GI-bill deduction ($100) and savings for my retirement. (TSP- Thrift savings plan, 5% of my base pay which is about $74 a month right now.) I will get promoted to E-3 next month in which I'll make about $200 a month more. I currently have $3,460.16 in the bank, $3,152.44 of which is in savings. I recently got approved for my first credit card with a $3000 credit limit, because I paid off a small student loan. (I went to college before entering the military)
Am I in good financial shape for my age? Any tips?
Thanks.
Am I in good financial shape for my age? Any tips?
Thanks.