Search found 7 matches

by cashisking500
Wed Jan 11, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1556

Re: 2017 Goals...What should we do?

Thanks Ace. What your proposing is what I'd like to do. I am struggling with taking our EF down to $8,000 to pay off a 0.9% car loan though. Paying this car off frees up $300 a month, which ironically, if put towards my wife's Roth, allows it to be maxed out at $458 per month. Maybe I'm just being u...
by cashisking500
Tue Jan 10, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1556

Re: 2017 Goals...What should we do?

Thank you everyone. Appreciate the feedback received thus far.

Yes I have read TTMM. I am not a fan of running our savings all the way down to $1,000 though. Seems crazy to do so.
by cashisking500
Tue Jan 10, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1556

Re: 2017 Goals...What should we do?

I'm on board with putting more towards the mortgage, just not sure if that should happen now or wait until cars are paid off? We are not maxing out retirement. Currently 5% towards 401K (w/ 5% match), wife 3% towards 401K (w/ 3% match), I'm maxing out Roth IRA and wife is putting $150 per month towa...
by cashisking500
Tue Jan 10, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1556

2017 Goals...What should we do?

Hi Everyone, I'm looking for some input on what to do next. Two financial goals at the top of my list for 2017 are to pay off my car and to get my wife and I in position to contribute 15% of gross income to retirement each month. Currently, we have $20,000 in savings (EF). We have two car loans (our...
by cashisking500
Mon Jan 09, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 133
Views: 13643

Best Financial Moves You've Made

I'm going to assume that most folks on Bogleheads are above average in terms of how they handle their finances. To help some of the newbies (including myself), what are the best financial decisions you've made that have allowed you to be where you are today? (i.e. eliminate debt, particular investme...
by cashisking500
Fri Dec 02, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Help! How are we doing?
Replies: 14
Views: 1000

Re: Help! How are we doing?

Thanks everyone! Great feedback! So, a few follow-up questions: 1. Should we consider using our Cash Savings/EF to pay off one of the cars immediately? 2. For retirement, I have always heard the Dave Ramsey 15% of gross earnings...is that what we should aim for? 3. Should we focus on clearing the ca...
by cashisking500
Fri Dec 02, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help! How are we doing?
Replies: 14
Views: 1000

Help! How are we doing?

I'm hoping the Bogleheads can let me know how my wife and I are doing with our personal finances. Give us a grade! We are both 33 years old, employed full-time, no children. What can we improve on, given the situation below? Combined take home pay is $6,400 per month Mortgage: $180,000 left, 28 year...

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