SO and I finally sat down and really parsed out our finances. After all monthly expenses--including our mandatory retirement contributions of 8% each--we have an extra $1600/mo.
Our question is what is the best thing to do with this extra money?
Current debts:
$18k student loans, 8%
$23k car loan, 3%
Current savings:
$10k emergency fund in savings account w/ 1.5% return
Would like to start saving for house (avg. $500k in the area, so ideally want $75k saved when we buy for down payment, closing, and emergency funds for anything that breaks)
Retirement:
Both contribute 8% to CalPERS
No additional retirement savings yet
Submitted July 10, 2018 at 11:19AM by donthablonomexican https://ift.tt/2N2WeTn
