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[quote=Anonymous]Oh PP's! OP here. You all are awesome. Thanks for the excellent advice.

17:29 - Thanks for giving me a good framework to follow. It seems that I currently have my 6 month emergency fund on hand so I'll probably save up for another month or two, just to be on the safe side. I think $15K would be a good number for me to have as an emerg fund. Once I reach $15K, in a month and a half, I will begin to save for a house as well as retirement. For # 2 (house fund) do you have any suggestions on safe investment vehicles besides the Vanguard brokerage account mentioned by the 21:39 pp? (Just looking for a few options so that I can compare). For # 3 (retirement fund) I think I'll start by joining my company's 401K so that I can benefit from the company match. Vanguard sounds interesting too. I do have a question about Vanguard- It is neccessary to have 2 retirement savings accounts? Ie. 401K from my company + Vanguard fund?

21:39 - Thanks for providing the framework but also for providing the very specific steps that I can take. You were spot on with the emerg fund estimate...I'm going to aim for $15K. So that is 1 and 1/2 months more of saving before I can switch gears and start saving for house and retirement. I really appreciate your advice about transfering money once savings hits that certain number and then continuing to replenish. I also appreciate the advice about the brokerage account and that fact that I wont receive a penalty if I need the funds for a house. For this reason I think that the brokerage fund would be a good option for me to consider for the house fund and possibly later on down the line for DC's college fund. I dont plan to buy a new car any time soon. I drive a 2004 (paid off. yay :) ) and I plan to drive this thing until the wheels fall off.

21:42 - What can I say. You are simply amazing! I love love love the link that you provided to networthiq. I was on there looking around and I think this site will serve as a motivation tool for me as well as help me take a pulse on where I'm at from time to time. Just to clarify...I'm not at $50K yet but hope to be there soon. You have given me some great ideas of what I can do with this money that I'm saving...opening a CD, 401K as well as investing in stocks. This is exactly the info I was looking for; any other option as opposed to having the money just sit in the bank. Thanks for sharing with us a snapshot of your savings habits too! The fact that you will be able to save $8K-$9K per month within the next couple of years is like music to my ears. Hopefully one day I can to be right there with you!

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