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Reply to "Huge raises (for us)- no idea what we can afford for remodel"
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[quote=Anonymous][quote=Anonymous]Don't make any decisions now. Use the money to pay off your loans and max out your retirement. Start saving the rest for at least 6 months. See how fast your savings go up; that will give you a sense of how much you can spend. [/quote] THIS! You should pay off all debts but not change your standard of living at all. See how much money you have leftover after 8-10 months. If you have enough for most of the reno - then do it. If you have only saved a small portion of it, then you know the new raise is a great place to be at your age, but not enough for the reno yet. [/quote]
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