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I work away from home on these emergency deployments and have been able to save up some money. I drive a rental provided by the company and live in a hotel provided by them as well. I am not sure when this deployment will end as these type of things are always uncertain, rumors state up to two years, but could be as short as another 4 months. (Been here for 5 months now). My question is what you all recommend I do with my savings, and the vehicle I have back home garaged. I do not pay rent as I still technically live with my parents, and my vehicle is paid off since about 3 months ago. Vehicle is worth around $30,000 (Carmax offered $25,000) and I have around $35,000 saved in between two savings accounts. My monthly expenses are around $3,000 a month. And I am making close to $13,000 a month.
Do I sell my vehicle now? I notice prices regulating back down and I can possibly sell it without taking a loss.
If I do, what do I do with $65,000?
High yield savings? Do I buy a lot of land?
If I dont, what do I do with my $35,000? Do I not do anything until I'm sent back home?
Just want to hear you alls opinions as far as the moves you'd make in my situation.
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- 1 year ago
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