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Reply to "What would you do with 5k more per month?"
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[quote=Anonymous][quote=Anonymous]OP here. One elementary age kid, and Grandmother set up a trust for education (very lucky, I know). These are some very good suggestions, thank you. I especially want to be mindful of lifestyle creep.[/quote] So education is set, you are lucky. Then put 25% in to savings for near term "needs" like home maintenance/new car/vacation, etc. Add $500/month for extra spending to treat yourself. Rest into index fund or a portion into CD/Bonds, especially right now to capture guaranteed 5% for next 15-18 months. If you need a new car soon, I'd direct more to that and just pay mostly cash---why pay 6% on a loan when you could pay cash. [/quote]
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