Am I spending too much/ saving enough?
Thanks for coming to my post. I am a PhD student in the UK and want some investment advice!
Income: PhD stipend £1470, teaching tutorial classes twice per week: £100 - £200 depending on class schedule, so let's say £150 here, that will be £1620 / month. Good thing is I do not get taxed at all for my income as a student.
Breakdown of my expense Rent + bills (living in a LCOL city)= £500 Transport = £50 Food + entertainment = £500 Others (clothes etc) = £200 so that will be £1250 so say £1300 per month. This will allow me to save around £300 a month.
I am now 25 and prior to doing my PhD I have worked for a year (and another year as part of my undergrad studies) and have saved £10k in stocks and £9k in my Lifetime ISA (including government bonuses).
Do you guys think I am saving the right amount given my low income? I am planning to put my monthly savings in some UK/S&P ETFs. What do you think?
Hi Prospect in IB-M&A, any of these discussions helpful:
More suggestions...
Fingers crossed that one of those helps you.
Nobis ipsum aut atque. Nostrum suscipit necessitatibus cupiditate. Iure quia nam consequatur eius eligendi ullam. Voluptas voluptatem necessitatibus excepturi quibusdam nostrum sint molestias. Est sit assumenda quaerat error ex dolorem veritatis. Adipisci enim doloribus qui et id.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...