Hi everyone, my husband and I are 30. We both have decent jobs. My husband works for the City and makes about 60k or more per year. His benefits and retirement are very good. I work in the medical field and make about 36k per year. Together this year on our taxes we made 93k. We have no children and 2 cats. We have one paid off vehicle but looking to buy a new one. We have 11,500k to pay on our 2016 truck with only 28k miles. In our savings we have 40k. Our only major debt is our house. We built brand new and owe 260k on it currently but have about 100k+ in equity. Our question is- we want to buy land and build a smaller less upgraded house or possibly put a double wide manufactured or mod home on it by using our equity and having a minimal house payment. Would that be wise or should we stay put with our 260k mortgage? Also, what's the best way to invest some of our 40k as our bank only pays so much interest up to 19,999. Thank u all for your input!
Submitted January 23, 2017 at 06:05AM by IACountryGirl http://ift.tt/2kjc4io
