I'm new to investing, and I am looking for a good way to manage my savings accounts. I currently have an emergency fund that is one month's living expenses, and I am building on that to turn it eventually into a year's worth of living expenses. I also have a "regular" savings account, but what should I do with this money? Invest it? Just let it collect interest? I also have a savings account for short term goals like plastic surgeries, a new car. So, I have 3 different "areas" that I put savings into. Am I managing this well?
I want to start investing and putting money into and IRA. How much money should go to either per month? I put 50% of my money earned nightly away into those three separate savings accounts that I just mentioned. Should I allocate more money to investments and an IRA (say 10% more)? Or should I just use my regular savings as a base for my investments/ IRA?
And what are your experiences with a Roth vs regular IRA? I have been reading about what the differences are but it's kind of confusing for me from a stripper standpoint as not all advice on the internet is geared towards independent workers like us.
Thank you so much for reading![]()



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