Hey Everyone, my fiancé is graduating college literally as I type this! Well... it's the opening commencement.
She is graduating with no debt. We're getting married this October and will have no debt from the wedding.
We have lived very comfortably in just my salary so her new income is 100% bankable/investable.
I make 100k a year and she be making 50k
I have 25k in debt- 15k in an auto loan and 10k on a 0% credit card that entails the engagement ring and a new bed set.
I have 10k in my checking/savings right now.
Questions I have is what should we prioritize with her income and how to divide it?
As mentioned 100% of her income is up for grabs to be saved/invested and roughly 20% of mine as well.
Pay off the debt we do have? Emergency Fund? How Much? Retirement Investment? --- Where/How? I hear Roths are good? We want to save to buy a house... Planning on having a kid in 2-3 years... --- Mom runs a daycare so we won't have to worry about that expense when the time comes.
These are things that are on my radar, I'm am beyond willing and open to hear other suggestions and thoughts that I may not be considering at the moment.
Thank you SO much!
Her major was just announced so I need to get ready to cheer my head off!
Cheers!
Submitted May 20, 2017 at 09:08PM by Kangabolic http://ift.tt/2rDraQ9
