I (32m) received a lump sum of 100k settlement. My wife and I want to buy a bigger house than what we are already in for our growing family. I put 17k and cleared my CC debt immediately and added 8k to CDs along with my existing 2k for an emergency fund (all different life terms).
Key takeaways:
I make just over 80k, contribute 5% to a traditional 401k and 3% to a Roth, employer matches up to 6% I think.
Receive 100% P&T VA compensation.
Wife is a stay at home mom.
Really considering putting 10k into treasury T-bonds at 6% return I think because of our short term goal of buying a house in 2-3 years.
What else should I do? Treasury maxes out at 10k. Pay her CC debt? Some of it is before our marriage at it’s 13k
We live in an expensive school district, upgrading to a 4 bedroom is easily 800 to 900k.
I have a rough budget and track it the month prior to see how we are spending. Put mostly everything on a cash rewards cards for fixed costs.
What should I do? I don’t wanna blow this chance
Key takeaways:
I make just over 80k, contribute 5% to a traditional 401k and 3% to a Roth, employer matches up to 6% I think.
Receive 100% P&T VA compensation.
Wife is a stay at home mom.
Really considering putting 10k into treasury T-bonds at 6% return I think because of our short term goal of buying a house in 2-3 years.
What else should I do? Treasury maxes out at 10k. Pay her CC debt? Some of it is before our marriage at it’s 13k
We live in an expensive school district, upgrading to a 4 bedroom is easily 800 to 900k.
I have a rough budget and track it the month prior to see how we are spending. Put mostly everything on a cash rewards cards for fixed costs.
What should I do? I don’t wanna blow this chance