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[quote=Anonymous]My DH just got a new job that bumps our income up by about $65k a year. So, not as big as your jump, but still pretty sizeable, and I'm thinking the same thing as far as how to take advantage of this extra money without being an idiot. (I'm no financial guru.) I'm going to basically follow the Dave Ramsey plan:

1- bulk up emergency savings
2 Snowball the debt. We currently have two car payments; I plan to pay off the more expensive one first (tripling that payment each month which will pay it off by next January), then rolling that triple payment over to the next expensive car, which will then pay that one off the following March. 
3 With the car payment money now freed up, I will aggressively pay down my student loans (only about 18k to go on those) and get them taken care of in about 5 months. 
4 Once those are paid off (our only debts, besides mortgage) I plan to put more toward the mortgage (thanks for that helpful advice, PP!) and retirement, etc.

As for lifestyle... I hope to remain roughly where we are. Definitely not looking to upgrade to brand new luxury cars or take a 2 week Hawaiian vacation or anything foolhardy like that. Pay off debt, bulk up emergency funds, and then save save save. Congrats to you guys, it's such a good feeling, isn't it?[/quote]

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