B
Blue Blue Brid
Guest
We are in our mid 30's. Our home is paid for, we drive 10 year old cars, and have 40k in student loans.We bring home 4k per month and save half. We eat out 2-3 days per week and we go on cruises or resort stays at least once a year. We go to the movies 3 times a month with popcorn,candy, and drinks. We take weekend getaways every 2-3 months. We have 2 years of expenses saved. With the way the economy is right now should we only spend money for things we need are is it okay to continue to live life as we have. Should we pay off the student loans quickly? (4.87% 20 years) (We do not have any kids or any other debt.)
We are saving 2k per month. This is for retirement accounts and saving for new cars. Since we already have a nice EF we have stop putting money there. Once we have saved for the new cars we will save up for the next be thing, whatever that is.
We both have retirement plans at work as well.
We have 2 years of living expenses saved. Meaning if we both lost our jobs we would be okay for at least 2 years. We are saving the extra 2k per month period. We are not using any of this money for any of our monthly bills, vacation, or extra. This goes in a savings account used for retirement account withdrawal and saving for new cars. The other 2k pays for household items, gas, utilities, cable, internet, phone, car/life/home ins., movie, food (at home and out), weekend getaways, yearly cruises and/or resort stays.
Can we afford our lifestyle? Why or Why not?
We are saving 2k per month. This is for retirement accounts and saving for new cars. Since we already have a nice EF we have stop putting money there. Once we have saved for the new cars we will save up for the next be thing, whatever that is.
We both have retirement plans at work as well.
We have 2 years of living expenses saved. Meaning if we both lost our jobs we would be okay for at least 2 years. We are saving the extra 2k per month period. We are not using any of this money for any of our monthly bills, vacation, or extra. This goes in a savings account used for retirement account withdrawal and saving for new cars. The other 2k pays for household items, gas, utilities, cable, internet, phone, car/life/home ins., movie, food (at home and out), weekend getaways, yearly cruises and/or resort stays.
Can we afford our lifestyle? Why or Why not?