Hello and Welcome.
I have a 401(k) that I'm placing 6% in and my employer matches that.
I have a Roth IRA that I'm placing $100 a month into.
I have christmas account that I place $50 a month into and if I don't use all $600 I will place the remaining money in my EF.
I have an EF that I place $50 a month into.
I have a regular savings account I call my vacation, car,house etc savings account.
I haven't started my daughter College fund yet. I'm trying to go by Dave Ramsey's baby steps and I'm still working on step one if you do not know the steps look below.
1 $1,000 to start an Emergency Fund
2 Pay off all debt using the Debt Snowball
3 3 to 6 months of expenses in savings
4 Invest 15% of household income into Roth IRAs and pre-tax retirement
5 College funding for children
6 Pay off home early
7 Build wealth and give!
Invest in mutual funds and real estate
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