/biz/ - Business & Finance

>he still thinks LINK is a meme

>>1992974
>Where does the value of the xrp token come from?
Starts with a 'J'

... Japanese

>with jews you ... WIN!

Never really budgeted myself before, since I'm naturally a cheap bastard it's never been a problem, but now that I have a job I want to have a good plan.
Currently I live at home, so I created 2 budgets, one that assumes I'm paying for all utilities and a mortgage and another that assumes I'm living at home paying a nominal amount, the left over is what I have to play with.
Do I let it sit in my checking account, do I buy penny stocks, do I buy bonds. The general plan is to cover my ass then take some risks. What does biz think about this:
(Stock Portfolio means picking individual stocks)

>Living at home:
Monthly Split of Excess ($3635)
Roth IRA $458.33
Don't Touch Saving $1,500.00 House Down Payment
Stock Portfolio $1,500.00
Fun $176.67

>On my own:
Monthly Split of Excess ($2500)
Roth IRA $458.33
Don't Touch Saving $500.00 General Purpose: Car, Repairs, Dr, etc.
Stock Portfolio $1,500.00
Fun $41.67

My only concern is being too aggressive with stocks and not aggressive enough for retirement. The Roth IRA cap is $5,500 a year and my employer provides no incentives to use their 401k, so I'm kind of in a bind there. On the other hand I'm young so I can afford some volatility and I want to be rich so I'm willing to take some risks. I figure even if I fuck up bad, this budget should still accommodate all my other savings needs. I also already have about $10k cash saved up that I should probably just stick in a different account and call it my emergency fund.