I need wise counsel for my situation
Ok guys. I really respect all of you on this board who have accumulated much wealth (both financially and in most instances spiritually and relationship wise) and I ask you for your guidance on an issue that has me a little fluxored.
I am currently going to school and want to allocate my money the best way possible. I am on track to meet most of my goals for this year but I definetely want you guys to weigh in on my situation and PLEASE tell me if I'm doing something wrong. I'm a young dumb 22 year old that needs help.
Heres the financial landscape:
Debt: $1650 School loan (Will be payed off when I graduate in November)
Income--Varies because I work as a server but generally average net $1,300
Expenses: $420 Dollars for everything
Where I put my money:
Emergency Fund: $225--->Currently at $3323
Car Fund (For repairs and/or replacement): $150--->Currently at $806
T. Rowe Price 2045 Retirement Fund: $200--->Currently at $900
Roth IRA through Sharebuilder: $250--->Currently at 0 for 06'
Should I just shovel all of my money into my EF until it hits my goal of $10,000 and then refocus on my other accounts? Or is this distribution ok?
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