Post by Stingyshark on Dec 22, 2014 13:32:44 GMT -5
Vacation; We've never gone on a big vacation. I would force DH to go somewhere since money wouldn't be an issue. (5-6k) (I know that's prob small potatoes for some - but 100% of our vacations are less than 1k. Pay off our cars (33k..ouch) Build back porch (5k)
and then we would talk to a financial adviser about what to do w/ the remaining 31k.
Pay off my car ($10k) Pay off my student loans ($13k) (Dance around for a month or two for paying off all debt except the mortgage) New bed/mattress ($3k) New living room furniture ($4k) Down payment on a new house ($45k)
Post by SallySparrow on Dec 22, 2014 14:42:40 GMT -5
Pay off my student loans. Pay off both cars. Paint some rooms in this house. Buy decor. Replace flooring in the guest room. Put some in A's college fund.
Post by sunshine239 on Dec 22, 2014 14:57:23 GMT -5
Save it until we sold our first house (we just moved recently and haven't sold it yet).
Then use it plus the proceeds of our sale to pay off our second mortgage on the new house. Anything left over could go towards the rest of student loans...
Pay off debt: $7,000 Add to e-fund: $15,000 House downpayment: $30,000 House updates: $10,000 Vacation: $5,000 College savings: $3,000 Roth IRA: $5,000
Pay off DH's car ~$18k, buy me a new car ~$35k minus whatever we can get for my 4Runner. $10k for a huge Disney trip for 2016 - I think I'd want to do the new Polynesian villas. If we get $10k for my current car, then that leaves $22k to max out our Roths for 2 years.
Take an epic vacation. Put the rest away for college and savings for when we move and I end up sah again. I'd probably give some to my parents too, they have some projects that need to get done but don't have the money.
I would take a really nice vacation, put a good chunk to E's college fund (well, first I'd have to actually open him one), and save the rest in general. Or, but the minivan I want.
For reals, though: Pay off my employment insurance mistake: $16K
Oh no! What happened? That's huge.
My severance package should have made me ineligible for my maternity benefits. Too bad I didn't know this and no one told me until I'd been back at work for 5 months.
It sucks, but we get 3 years to pay it back interest free, so I'm taking it as a very forced retirement saving plan (as all my severance got put into retirement, but all my EI got spent).
My severance package should have made me ineligible for my maternity benefits. Too bad I didn't know this and no one told me until I'd been back at work for 5 months.
It sucks, but we get 3 years to pay it back interest free, so I'm taking it as a very forced retirement saving plan (as all my severance got put into retirement, but all my EI got spent).
Oh that sucks. I have heard of people getting laid off after their mat leave for this very reason. Glad there are no penalties.