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Reply to "Advice on savings allocation "
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[quote=Anonymous]OP here- Thanks for the advice. Some more context: 1. We didn't double the HHI in one fell swoop. A big step up and then some incremental increases. Base pay is $305k. Plan going forward is to allocate most of bonus to college funds (likely an additional 10-12k per year) 2. We did buy a house so definitely allocated savings there. With PITI + HOA is $3925 per month. We did have additional expenses associated with move-in (appliances, tree removal, deck repair, some new furniture, etc.) 3. We did significantly increase savings overall 4. Replaced a 15 year old car with a Honda 5. HYSA is our emergency fund and I'd like to get that to $50-60k 6. Retirement includes Roth [/quote]
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