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re: Debt Free! -- now what?
Posted on 6/10/16 at 9:17 am to Doldil
Posted on 6/10/16 at 9:17 am to Doldil
That'll work
after that:
Build your emergency fund to 3-6 months of expenses. If you have a stable job, I'd lean more to 3 months.
Start putting at least 15% into retirement (401k and IRAs). Automate it.
Anything after that, just stash away as much cash as you can for a house (at least a 20% down payment).
My last advice is don't change your ways much now that you're debt free. Obviously, you don't have to be as frugal as you were, but just continue to live below your means and stay away from the new fancy gadgets and going back into debt.
after that:
Build your emergency fund to 3-6 months of expenses. If you have a stable job, I'd lean more to 3 months.
Start putting at least 15% into retirement (401k and IRAs). Automate it.
Anything after that, just stash away as much cash as you can for a house (at least a 20% down payment).
My last advice is don't change your ways much now that you're debt free. Obviously, you don't have to be as frugal as you were, but just continue to live below your means and stay away from the new fancy gadgets and going back into debt.
This post was edited on 6/10/16 at 9:36 am
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