› Budget101 Discussion List Archives › Budget101 Discussion List › What to do with surplus?
- This topic has 10 replies, 1 voice, and was last updated March 10, 2008 at 5:45 pm by Guest.
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- March 10, 2008 at 5:45 pm #256466
PAY OFF THE HOUSE!!!!! Be Debt freeeeeeeeeeeeee
Shelly.
Original Message —-
From: Shawn
To: Budget101_@yahoogroups.com
Sent: Monday, March 10, 2008 12:45:24 PM
Subject: Budget101.com : What to do with surplus?Hi I’m new and my name is Shawn. I’m fairly good with budgeting.I have gotten out of all car debt. I only have house debt now.I have have 3 months emergency expensesmoney in an ING account, but wondering what to do with my surplus after this.I’m 33 years old.I am doing my 401K at 6% and then am putting in a certain amount of money into a “CAR FUND” so I can pay for my next car with cash.All other surplus I am thinking of putting into HOUSE payoff, however I don’t have a ROTH IRA.Have any of you put all of yourother surplus into HOUSE payoff? Based on what I’m seeing I could have my house paid off in 7-10 years if I do this.I also have a desire to put the surplus into a ROTH IRA, but instead thinking it would be much better to be about 40 years old and have no morgage then I can be more open for giving as well as retirement saving.
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› Budget101 Discussion List Archives › Budget101 Discussion List › What to do with surplus?