OK, so in a few months I am going to be buying my first home. I am planning to keep $7,000 in my money market account as an emergency fund and to start saving for my property taxes and homeowners insurance when that comes due next year.
After all my bills, mortgage payment, credit card payment, car payment etc. I still have about 685 dollars left over. What do you think I should start doing with the money?? I am also getting married in about 8 months, and I would like to save for a nice honeymoon. I want to budget 5,000 dollars for that. Here are some of my other goals:
-open a Roth IRA
-pay off 2nd mortgage ($11,000)
-nice honeymoon in 8 months
-pay off car ($4600)
-pay off credit cards ($800)
How do you think I should start to allocate these funds that I have each month???
2007-02-04
06:59:55
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7 answers
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asked by
Anonymous