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Old 06-03-2008, 03:47 AM
Tree0164 Tree0164 is offline
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Congrats on the pay raise! You are smart to go with a plan on the extra money.

I would keep the Roth and Down payment money separate. Roths are not for emergenies.

I would also work on funding the Roth and EF at the same time. For the extra $1000 put $500 each month in each account. You can adjust in 2009 to fully fund.

Once you have the E-fund completed, then make sure the car is paid off. Then take your car payment into another account so you do not have to take out another car loan in the future.

Start saving for the down payment. Ideally you want 20% down-keep it in an ING account.
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