About to get my last paycheck from my job before I move in for college.
My costs for the school year are covered, so I have pocket money rotting away in a checking account. I want to put it into something like schd or voo compared to letting it sit in the account, however I know going with ETFs short term won't yield much and there are increased taxes (not very educated on how that works, i'm a dependent). I say short term because I may need to pull out money for emergencies. So I guess another question is, is it fine to let money sit in an account not earning any interest if it's something I may spend in the next year?
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