- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
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
Back to top
Follow TigerDroppings for LSU Football News