Reply to What would you do with $5k?

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[quote=Anonymous]We "found" an unexpected $5k, what would you do with it?  These are the options we're considering:

1) saving for an upcoming maternity leave - currently setting money aside on a schedule that will meet the need when the time comes. 
2) saving for a new (to us) vehicle that seats 5 - currently setting money aside, but will likely only have enough for a down payment and not enough to pay in cash by the time the baby comes.  The $5k in addition to what we're already putting aside would probably get us about half way there.
3) putting it towards a major renovation.  We're about to undertake a major renovation, which will have to be largely financed with a home equity loan.  
4) keep it in reserve for when the renovation goes over budget?
5) add it to our somewhat underfunded emergency fund that is growing steadily, but slowly.  Both jobs are stable.
6) something else?

While I agree in principle that it would be good to pay for the car and renovation in cash, that's not realistic at this point.  We do have the cash flow to support both loan payments and no other debt besides the mortgage. [/quote]

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