Emergency fund first, credit card debt second and the retirement, once you
get to 6 months emergency then ramp up the retirement savings.

"Russ" <russ[at]russ.net> wrote in message
news:a586d8cf.0402091932.6746d85c[at]posting.google.com...
- quote -

"Elizabeth Richardson" <erichktn[at]worldnet.att.net> wrote in message
news:mO6Wb.10752$fV5.285171[at]bgtnsc04-news.ops.worldnet.att.net...
- quote -

You should also open a Roth in your wife's name and contribute to it equally
for the same reason.

Leigh

"Russ" <russ[at]russ.net> wrote in message
news:a586d8cf.0402091932.6746d85c[at]posting.google.com...
- quote -

You need to be putting more into your wife's 401k. Research shows that
because a woman generally (!) earns less than a man, she generally (!)
undersaves for retirement. Tell her she can depend on you, that you love
her, but tell her she must make sure she takes care of herself, just in
case.

- quote -

You should probably pay extra on your mortgage to get to that 80% LTV
sooner. No sense in just throwing away $43/mo. Also, your other priority
(maybe the highest priority) at this point should be in building up an
emergency fund. In fact, you should probably skip the Roths until you have
done this.

Elizabeth Richardson

I'm 32, my wife is 25.

I'm investing $4032/yr + Employer matching $3024/yr
My wife $1200/yr + $300/yr Employer matching
We just started a Roth IRA in my name and we're putting $3000/yr into
it.

Home loan is $108,000, and only 86.5% LTV ($8000 more to get to 80%)
Paying $43/mo PMI

Emergency Fund = $0

Combined Salary = $95,200

My car loan = $0 balance
Wife's car loan = $7500 balance
My credit cards = $0 balance
Wife's credit cards = $4600 balance

We keep our finances seperate (seperate bank accounts/credit
cards/etc) as it seems to work out best for us so far.

Any suggestions for improvement? I'm working on getting the wife to
pay off her debts.

Thanks