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REDDIT

Extra 1k a month, what should I do with it?

M
May 1, 2025 · 03:59

So... I am currently a college student taking community college classes. I get free tuition meaning I only have to pay father fees (still yucky, like 700 bucks ew but better then 2k).
I was planning on heading off to university in August and then starting my benefits I receive.This was because I only get 36 months of my benefits, and in my brain I didn't want to "waste" it as I am only counted as a 3/4 student and not full-time right now. Meaning I only would get 1.2k vs the full 1.5k.

Although I was waiting, something clicked in my brain that I could "invest" it. Now my brain is pea sized when it comes to finance... so I have no clue what I am talking about.

I am looking for something I can put my money in that will grow over time, but I still have access to it in case I need it for schooling (like books, room and board, food, etc.). I saw that SGOV are a things, but there is also HYSA...

So please someone help! Where can I put this money? Explain like I'm a toddler.