excess money when debt free
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September 19th, 2009, 06:24 PM
Join Date: Nov 2005
Have one of you considered being a SAHP? With the cost of childcare, the additional vehicle, gas to and from work, etc., would it still be worth it for both of you to continue working when you have a second child?
Also, I agree with Jess, I wouldn't get two new cars right away, especially if the one you have is still running great and you expect that it will continue to do so for many more years. Remember that when you buy new cars, you also have the MUCH higher cost for insuring them with full coverage!
Another thing that is worth looking into is and IRA or possibly upping a contribution to a 401K. Remember that the earlier you start saving, the less of your money you will have to put away later (the beauty of compounding interest!).
10/31/05 (EDD 5/15/06), 4/17/06 (EDD 11/13/06)
Chemical p/g 1/11/08
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