re: Question for MT: Putting Finances on Cruise Control

quote:

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how do you spend your extra money leftover from bills, debt, rent, and retirement?

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I contribute a set amount each week to Savings, contribute a set amount bi-weekly to my kids accounts, and contribute a little over 13% to my 401k. Now, in my case and I believe this is frowned upon the MT, but my wife and I have seperate accounts. I also pay the daycare and a few bills while she handles the mortgage and a few bills. She likes her account to stay around $2K, while I like living paycheck to paycheck so to speak. I will drown mine out at the end of each month down to about $100. For example, if I have $245, which is what was left in April, I take the $145 and either (a)invest it in equities (b)put it into Savings (c)build our vacation fund or (d) purchase some silver (eagles, Morgans, etc.).

It is really up to you. I honestly do not think you could go wrong as long as you are not blowing it.

ETA: Be spontaneous with it, keep it interesting. The path to become wealthy is slow and boring. Use that extra to spice it up a little bit with whatever you think will benefit you.

ETA2: Or the new obligatory MT answer, Bitcoins.