<prompt> Human: Edit: Not a finance grad - just created username for this subreddit and realize how misleading it is!Adding major edit thanks to rtrollmonster77 and rBoostinmr2: Not actually in school for finance. Based on a 175K salary and 60 net take home, I should be bringing home around 105K. After my 4Kmonth expenses which includes money to help family and rent utilities, Ill have around 57K for the year. My question is how best to allocate that money so I can have an emergency fund and also invest or otherwise watch it grow more than just watching it sit in a savings account.Hi, I am a 28 year old grad student in my last year of study. I will be starting out in a job with a 175K salary next year in a high-tax, high-rent area. I currently have 30K in savings and I anticipate still having 25K by graduation. My current living expenses are not an issue because I have already set some money aside for them and I get a small stipend from school. I anticipate that my living expenses next year will precipitously rise to around 4k a month because of where I will be living and family obligations I am single but I help out with my immediate family - this part is non-negotiable. I think I will take home around 7.5K or 8K a month after taxes. I have never invested before. Im relatively young so Im comfortable leaving money in some long term investments with higher payoffs. I would like to have an emergency fund still maybe at least 10K. I am also thinking about buying property instead of renting but I would likely only be able to put down the minimum down payment, if I can even afford that in the area Im heading to for work.I tend to pay off my full credit card bills every month. So my only debt is monthly.My money has been sitting in a savings account for years now and I just want to help it grow. Any advice would be greatly appreciated! Primarily for investing - I think I can budget so I can put 3K in savings or towards investments most months - but any advice would be appreciated.Thanks guys!PS - Eventually I want to have a family of my own and I want to be in as good as a position as possible by then. Also, both of my parents are approaching retirement age and neither have sufficient retirement funds so I anticipate needing to help them out as well. Edit for accuracy  <response>: Are you sure youre calculating your take home correctly? My salary is 102k and I take home around 5k per month. Aside from taxes, theres 401k which you should do if your company is matching and health insurance, and maybe some other things I have a HSA which I do 500year, I think dental insurance is 25month, some life insurance because its like 1month, and some long term disability insurance, then my work cafeteria spending which is around 80month. If you are a woman, then you may want short term disability for when you have a family if your employer doesnt provide any paid maternity leave as that will allow you to get paid some while you are out I think my companys short term disability pays 40 for 6 weeks after giving birth, but you may be able to wait until you are ready to have kids to add short term disability I dont have it yet, but the year before I plan on having them, Ill add it unless my companythis statecountry does some form of paid maternity leave by then 