Debt:
| Total | \% | Minimum Monthly |
|---|---|---|
| $9,865 | 10.69% | $325.92 |
| ~$800* | 0.00% | $50 |
\*) website for current balance isn't working\)
EF: $6,450
EF Goal: $14,500
We are eliminating a $652 monthly expense, and I’d love to know opinions on where to allocate it.
We have health/dental/vision, but neither of us have Life, Retirement, or College Savings* for our 7 year-old daughter, nor any other types of investments. Not even with any of those fancy robo-advisors that I always find myself reading up about.
I am thinking that our EF is okay for now. It will cover almost 3 months of necessary expenses (rent, power, groceries, internet, phones), so I should focus on that $9,865 debt, I would think? Then the no-interest debt. I’d also think we should probably get Life insurance right now? Suggestions there?
What should come after that? EF > retirement/college?
\My employer does not offer Life or Retirement. Partner's employer only offers $20,000 Life (which she has).)
Submitted May 20, 2018 at 11:30AM by CafeRoaster https://ift.tt/2wYCqgL
