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Money and Finances
Reply to "Middle class professionals: tell me about your finances"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are 35, 2 kids in daycare. Making about $175k combined. Can't Max out anything at the moment. Just trying to survive with the big daycare bill. I pay $400/month student loan bill too. We have about $240k combined in 401k accounts and about 15k emergency fund. No cc debt and no car payments. Hope to improve things a bit when our oldest starts kindergarten in 2019. [/quote] Once you pay off your student loans and get out from under daycare you will free up a ton of money to invest for retirement. You can only do what you can do and your lack of cc and car debt means you have a lot of discipline. [/quote] PP here. Thanks! I'm a fed & so thankful for the 5% match, but bummed I'm only putting in 6% right now. Once daycare drops (still pay for aftercare but won't be as bad) I can bump it back up again. I'm never sure if it's worth paying off the loans in their entirety or what - interest rate is so low. [/quote]
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