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Reply to "What would you do with a greatly increased HHI?"
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[quote=Anonymous]OP again, appreciate the responses. We are in our mid-30s and worked before and throughout grad school so even though we weren't making as much we have both been saving for retirement. But I think our priorities are in line with what everyone is suggesting on here-- 1. pay off student loans (which we could do in a few months, and the roll that money into something else) 2. increase emergency fund (which is now 3-6 months of bare-bones expenses, but we want to have some more on hand if and when our new, old house needs repairs) 3. increase retirement savings (which we've already started, but can do more of) 4. increase college savings for our kids (which has definitely been on the back burner). Right now we pay a large monthly bill for child care which will decrease over time, so our plan has always been to start contributing more once our kids are in school. Will check out "The Millionaire Next Door."[/quote]
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