How To Distribute My Money as a 27 Year Old

[Christin Nguyen]

Hi everyone,

I have been working as a travel nurse for the last 8 months and have started to save a bit of money now. I recently bought a starter home that I plan on turning into a rental within 2 years. Besides the mortgage, I have no other debt.

I'm finally learning about how a Roth IRA works so I plan on maxing that out yearly. I also just found out about how a high yield savings account works so I will be utilizing that as well.

My question is: how do I properly portion out my monthly income? I net roughly 12k a month. Originally, I was going to try and pay my house off asap. My mortgage is 1300$/month but I was going to pay an additional 4k a month towards principal. Now I'm debating on if that’s a good idea or if I should put more towards my high yield savings account. 

I should probably get a financial advisor but I wanted to see what everyone’s thoughts were before I went ahead and did that lol. Thanks so much in advance!!