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Reply to "Just bought an $800,000 house on a $186,000 salary and now I'm panicking...."
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[quote=Anonymous]You've already bought the house so breathe. A few things to suggest here: - Open a separate savings account (could be with same bank) dedicated for home/car repairs and start direct depositing from your paycheck to that every month. - Keep a VERY detailed budget sheet and stick to it. - Make sure you have 6 months worth of emergency savings (separate from any other savings) in case one of you loses your jobs or becomes disabled. - Put the rest of your money in the market (stocks, index funds, mutual funds, etc.). [/quote]
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