I am a new user so I hope this is the right place for this. I am 18 years old and want to buy a new phone. I have two part-time jobs (Caddying and Lifeguarding) so I do make some income. I have $1000 invested in the stock market in a Vanguard Target Retirement 2060 Mutual Fund. I have $450 in my checking account. My problem is that I want to buy a new phone (Oneplus One) for $365. I technically have enough money and my only expense is my cell phone bill which is only $17/month. I eventually want to buy a car but that will be a few years away. I will sell my current phone (Galaxy S3) for $75. So I have enough money, but what kind of threshold should I keep in my checking account as a sort of emergency fund?
user
I have $450 in checking with minimal expenses and have two part-time jobs. I have a Galaxy S3 and want a OnePlus One ($350). Can I afford it?
assistant
I am a new user so I hope this is the right place for this. I am 18 years old and want to buy a new phone. I have two part-time jobs (Caddying and Lifeguarding) so I do make some income. I have $1000 invested in the stock market in a Vanguard Target Retirement 2060 Mutual Fund. I have $450 in my checking account. My problem is that I want to buy a new phone (Oneplus One) for $365. I technically have enough money and my only expense is my cell phone bill which is only $17/month. I eventually want to buy a car but that will be a few years away. I will sell my current phone (Galaxy S3) for $75. So I have enough money, but what kind of threshold should I keep in my checking account as a sort of emergency fund?
user
So let me say I have enough money, but should I keep it in my checking account (like I do now) so I can get a phone in the future, or should
assistant