snowshard14
New member
My husband (27 m) and I (26 F) make about 150k/year with about 35k of that being tax free.
Right now I have 28k in a Roth IRA, we have 11k in a HYSA currently earning 4.7%, my husband has about 5k in his 401k. His match is 5%, which he’s maxing out, as well as contributing 5% of each paycheck into a Roth TSP. His Roth IRA is starting this year at $6500 and we’ll continue to max both out from here on out. He’s currently set up to receive about $1200/month VA disability when he gets out of the military (lifetime and tax free)
My dad is a financial advisor/planner and most of my advice comes from him. I feel like there’s something we’re missing though when considering our next step.
We’re hoping to buy a house in the next year or so using a VA loan (I can’t figure out if this is a good idea or if we should go with a more traditional home loan?)
To make a long story short, I think we have about $1k leftover each month to put in investments or to potentially save for a house. I would appreciate any input at this point where to go from here
(We have about 40k of student loans between us at a ~4.6% interest rate)
ETA our current budget: (this income in new for us in the last 8 months). We have 2k to living, $1k to our travel fund (non-negotiable), $250 to HYSA, $1200 to Roth IRA, $300 to student loans, $250 to other CC payments until they’re paid off (all at 0% due to SCRA), $500 to food and HH goods, $642 to cars, $145 to insurance, $185 to wifi (we live in AK, our only option sadly), $42 to pet insurance, $92 to our phone. That leaves roughly 2k left. We end up doing about $500 in random expenses each month. That’s where my 1k number came from.
Right now I have 28k in a Roth IRA, we have 11k in a HYSA currently earning 4.7%, my husband has about 5k in his 401k. His match is 5%, which he’s maxing out, as well as contributing 5% of each paycheck into a Roth TSP. His Roth IRA is starting this year at $6500 and we’ll continue to max both out from here on out. He’s currently set up to receive about $1200/month VA disability when he gets out of the military (lifetime and tax free)
My dad is a financial advisor/planner and most of my advice comes from him. I feel like there’s something we’re missing though when considering our next step.
We’re hoping to buy a house in the next year or so using a VA loan (I can’t figure out if this is a good idea or if we should go with a more traditional home loan?)
To make a long story short, I think we have about $1k leftover each month to put in investments or to potentially save for a house. I would appreciate any input at this point where to go from here
(We have about 40k of student loans between us at a ~4.6% interest rate)
ETA our current budget: (this income in new for us in the last 8 months). We have 2k to living, $1k to our travel fund (non-negotiable), $250 to HYSA, $1200 to Roth IRA, $300 to student loans, $250 to other CC payments until they’re paid off (all at 0% due to SCRA), $500 to food and HH goods, $642 to cars, $145 to insurance, $185 to wifi (we live in AK, our only option sadly), $42 to pet insurance, $92 to our phone. That leaves roughly 2k left. We end up doing about $500 in random expenses each month. That’s where my 1k number came from.