[ad_1]
My (34M) spouse (30F) and I reside in a decrease price of residing space. We hire a pleasant 2 bed room home from a household good friend for $600 monthly. We now have 4 paid for automobiles. All of them have sentimental worth to us and we’ll in all probability maintain all of them perpetually until one thing sudden occurs (accident and many others). We’d like assistance on what to do with our cash. We simply really feel as if we don’t know sufficient about funds or actually the place to start out. Additionally, we went via a tough patch for just a few years and really feel as if that actually set us behind. We convey house a little bit over $6,000 a month between the 2 of us and our whole payments equal out to about $1,200 monthly. We need to purchase or construct a home finally and probably have children. We now have 3 acres of land prepared for us each time. Under is our present make-up of funds…
•No automobile funds/bank card/private mortgage debt
•$5,000 in checking
•$15,000 in decrease yield financial savings (I suppose you would name this our emergency fund)
•$32,000 in HYSA at 5% (contribute weekly)
•$25k invested in shares
•Lower than $10k in Roth IRA (Me)
•Spouse contributes to Thrift Financial savings Plan at her work (USPS)
•$10k in firm match 401k (Me)
What ought to our subsequent step be? We add $2,400 a month to our HYSA and that has been precedence for us. Ought to we be doing one thing else?
[ad_2]
Source link
