PilsnPinkysMom
Brilliant_Rock
- Joined
- Oct 11, 2008
- Messages
- 1,878
Great thread (& timely, for my family), Fiery!
DH works, I'm a full-time student, no kids, mortgage, car payment & crazy-stupid amount of student loan debt. No CC debt, thank goodness.
Currently
-10% of DH's income goes to 401k
-Tuitions-worth amount of cash in savings... but yes... it's for tuition & nothing else, except in case of dire emergency
-1 month of (barebones) expenses stashed away
Hopefully within the next 2 years
-10% to 401k
-5-6 months cushion in 'emergency fund'
-No more car loan
-Student loans & mortgage will be the only obligations
Our cushion sucks. We funnel about 2k into student loans each month and have fooled ourselves into thinking this is a 'good' thing. In some ways it is, but it would be better to pay the minimum amount and create a safety net... and THEN go back to paying as much as we can. If DH lost his job tomorrow we would be up $hit creek without a paddle.
DH works, I'm a full-time student, no kids, mortgage, car payment & crazy-stupid amount of student loan debt. No CC debt, thank goodness.
Currently
-10% of DH's income goes to 401k
-Tuitions-worth amount of cash in savings... but yes... it's for tuition & nothing else, except in case of dire emergency
-1 month of (barebones) expenses stashed away
Hopefully within the next 2 years
-10% to 401k
-5-6 months cushion in 'emergency fund'
-No more car loan
-Student loans & mortgage will be the only obligations
Our cushion sucks. We funnel about 2k into student loans each month and have fooled ourselves into thinking this is a 'good' thing. In some ways it is, but it would be better to pay the minimum amount and create a safety net... and THEN go back to paying as much as we can. If DH lost his job tomorrow we would be up $hit creek without a paddle.