What are your priorities?

[zhuwh]

My financial priorities is as followings :
1. Meet necessities of life,such as the food , clothes ,transportation.
2. Increase retirement savings in two years from 10% to 20% of income.
3. Return the debt on time .

[Caoineag]

Necessities
Retirement and Short term savings
Fun Money (a set amount, not unlimited)
Debt payoff

I have seen a lot of people put debt payoff before fun money, but if I did that, I wouldn't have any fun money for the next couple of years (used to have my priorities that way but decided that living a little now was required). The leftover all goes to debt payoff. I prioritize by length of debt because then I have less bills to pay (all my short term is 0% so strictly speaking, mortgage should always come first if I did it by interest rate). I haven't acquired any new debt and am slowly paying off the old so I am pretty happy with my current set of priorities. These priorities will probably stay in this order for some time to come because the mortgage will take a bit to pay off. Oh and short term savings include the EF and house projects money (new roofs cost money and shouldn't be delayed beyond a certain point).

[snafu]

We recently focussed on changes to our priorities. I wanted to make small changes so that no more than 50% net income covered necessities, no more than 30% discretionary spending, 20% in various investment plans. When I did the math, I found that we need to pay attention to spending we have no control over like utilities, municipal tax, and car/house insurance. It's hard to figure heating costs in the summer with natural gas around $ 4. GJ. What will it be in the winter? Will all these disasters escalate insurance again? This summer I've been able to increase savings by 7% likely due to the fact that we've had so many visitors, I've not had time to spend.

[adyboy]

1. Bills
2. Tax savings
3. Future (retirement)
4. Investment(stocks shares etc )
5. Fun times( eating out , entertainment)

[Adriansane]

1. Hookers & Pharmaceuticals
2. Protection money to 3-Fingered Louie
3. Bookie debts
4. Lottery tickets
5. Payday loans
6. Ramen
7. Liquor store
8. Child support
9. Rent-a-center payment for 52" flatscreen and surround sound
10. BMW 7 Series car payment
11. Rent
12. $ to the homeless
13. Pay down Prosper loan

LMFAO...thats too funny.... me:
Bills: rent, gas, food, stuff like that FIRST!!!
Debt: student loans, hospital bills, SECOND!!!
savings....and thats it for me...
i dont have any credit card debt so i have a bit to play with. it helps that im also in a favorable position where i live almost completely rent free so im trying to focus on paying off my debt, staying up to date with my bill's and re building my credit.