Me: 24 years old. Engineer earning $73,000 per year. Wife: Newly Stay at Home mom earning $750 a month nannying for a family up the street.
Debts: House ~ $215,000 @ 3.75% for 30 years. Car ~ $21,000 @ 0% interest
Money: Checking: $4200 Money Market: $5200 Ally Bank High Yield Savings: $24,000 earning 2.35% 401k: $8200 (Contributing 9% of salary and then 3.5% match from employer so 12.5% total I guess).
We make all our payments every month and put away around $1200 each month into our high yield savings account.
I just need advice on the next steps. Do I just hold until I pay the truck off? Should I lump sum pay it off now? Is there other investment opportunities I need to be looking into? I feel like $24,000 is plenty as an emergency fund because it’s 8 or 9 months of expenses. Any advice is appreciated!
Submitted May 19, 2019 at 09:37PM by TigerEngineer95 http://bit.ly/2QeQfxv
