For the next few years, I am helping put my youngest child through collegehe is topshop voucher code uk slated to graduate in 2020and we both benefit from the health insurance and benefits offered through the hospital.
Roth IRA 22,272.11 Vanguard Total Stock Mkt Index Cash Savings 8,180.96 Taxable investment 5,262.34 Humana Stock @ Fidelity Cash Checking 3,638.28 Acorn 1,616.45 An investment app that rounds up user purchases and invests the change in a robo-advisor managed portfolio.
Lucy mentioned she runs to work (kudos!) and so I wonder if that could supplant this membership?
Or do they seem correct?Its not wrong for Lucy to spend this money, cork airport car park promotional code but since she asked how she could pay her mortgage off faster, this is one answer.When you are young, you want to invest aggressively in order to take advantage of the overarching gains that history demonstrates will occur in the market over your decades and decades of investing.And that is a perfectly fine thing!Renting The House Lucy mentioned the possibility of renting out her home and Id encourage her to explore the numbers on this in greater depth.
For a year, I taught school in Kentucky and then moved back to New England in order to attend graduate school to become a nurse practitioner.
Since emergency fund totals are based off of ones monthly spending, if Lucy were to reduce her expenses, she could skate by with a smaller emergency fund.
Lucys Question #2: How can I pay off my mortgage sooner than 2027?
Whatever how to get citibank credit card reward points it is, I want to slow down the pace.
This could be particularly true if she were to relocate outside of the Boston area in order to be closer to her kid(s) or parents, which is something she mentioned possibly wanting to explore.
Updated April 11, 2018 with Lucys decisions: Thank you so much to the Frugalwoods readers for all of your insights!
Lucys spending is perfectly fine, but if she wants to either pay off her mortgage faster or retire sooner, then she does have a lot of low-hanging fruit that could be eliminated: Gifts: 150/month (1,800/year).For the sake of simplicity, Id close the Humana and Acorn accounts and lump them in with her other investments, but thats largely a personal choice.This is an area that could be reduced with the application of some frugal gift-giving hacks, or with a decision to perhaps pare down the gift-giving list.Then, Frugalwoods nation (thats you!Either option is fine and its much more a question of what she wants to do as opposed to a financial quandary.