Quote:
Originally Posted by jIM_Ohio
I would quantify the goals of this money here
Nest Egg/Emergency Funds -800.00
Roth IRA -300.00
How large is the EF relative to the $5700 of monthly expenses?
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Were starting nest egg/ roth ira savings next year when we move into the house.(currently saving for a 30% downpayment) I tried to be accurate with our current budget and including a projected mortgage amount and desire savings.
I'm hoping to have atleast $5,000 combined in emergency funds when we move into our home and start putting away additional $800.00 for EF and $300.00 for Roth. The car payment will off next year and student loans in 6 years.
I don't have a budget for 1 child yet, but that won't happen until another 3-4 years, in which our income should increase and we can afford to be ready for a child.