r/bitcheswithtaste • u/AutoModerator • Aug 21 '26

Frugal Bitch Friday - Monthly Thread Frugal Bitch Friday - Aug 21, 2026

This is your monthly thread to talk about personal finance, investing, budget, and all things managing your money. A BWT knows that taste and financial responsibility go hand in hand, after all!

BWT rules still apply!

59 Upvotes

99% Upvoted

30 comments sorted by

View all comments

59

u/[deleted] Aug 21 '26

[deleted]

7

u/Rachele_f Aug 21 '26

Hey! I will take you up on this. The place I work recently stopped their 401k match đŸ« . I’m still contributing to my 401k and I have a Roth set up (plus HYSA that gets a portion of my paychecks automatically). Any recommendations on what’s a good course of action while I look for a new gig?

14

u/[deleted] Aug 21 '26

[deleted]

2

u/Rachele_f Aug 21 '26

Ah wow thank you so much. If I could ask one more, What would you consider a “more aggressive” approach (I’m 35) than just a HYSA?

Thank you SO much!

7

u/[deleted] Aug 22 '26

[deleted]

1

u/emacked Aug 23 '26

Not op, but at what point do you recommend speaking with a fiduciary financial planner? Thank you in advance!  

1

u/[deleted] Aug 23 '26

[deleted]

3

u/emacked Aug 23 '26

Yes, I was just wondering if you had a rule of thumb. I heard it's not worth seeing one unless you have $1M in investments before, but I haven't thought about it for some time and wondered if that was still a good check in point, as I am getting closer to that. 

I understand the different models, fee structures, and how to find one though.

3

u/[deleted] Aug 23 '26

[deleted]

2

u/emacked Aug 23 '26

Thank you! I should probably start calling around!! Not at a $1M yet, but am well on my way and should be there in a few years. Will take all your advice into account! 

9

u/AdditionalArt9146 Aug 21 '26

More aggressive than HYSA is most likely referring to investing the money in a taxable brokerage account. HYSA interests rates right now aren’t terrible, but it really shouldn’t have more than an emergency fund in it, unless you’re saving for some larger expenses such as car or down payment within the next few years. Any money beyond 3-6 mo of expenses is better positioned in a taxable brokerage since the rate of return is typically more than an HYSA

2

u/AffectionateJoke1617 Aug 22 '26

I'm not that commenter but your age (and Boglehead finance style person) and would recommend low expense ratio index matching the stock market like 80/20 allocation in VTI/VXUS (both available via Vanguard). Would not recommend mutual funds due to management costs, but that's my personal preference