Quote:
Originally Posted by stone hands
Do you have a budget? Use a product like mint or ynab and it makes it less of a question than an end goal. If you dont know where every dollar is going, it's impossible to even begin to figure any of this out.once you quantify what your monthly expenses are, you have something to work towards
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Admittedly, budgeting in a strict sense is not my strong suit. But yes, I have a general budget and monitor monthly income versus expenses. Savings were more of a priority early on, but less so now that we have kids (expenses have gone up) and db pension contributions to make.
I think the majority of people are in one of these categories:
1) How do I get to the end of my paycheck?
2a) How do I get out of this debt?
2b) How do I save enough to put a down payment on a house?
3a) How do I start saving for retirement?
3b) How do I pay down my mortgage earlier?
4) How can I build my retirement savings?
The notion of "what would I need to retire early" is probably next on the list, perhaps followed by "I'm sitting on a crap load of money/assets, what should I do with my time now?"
Don't want to detract from the OP though -- by all means have that discussion, as if you've gotten to that point that is obviously a good thing.