The Captain
Junior Associate
Hugs are good...
Joined: Jan 4, 2011 16:21:23 GMT -5
Posts: 8,717
Location: State of confusion
Favorite Drink: Whinnnne
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Post by The Captain on May 4, 2012 18:08:15 GMT -5
Let's say you received an unexpected bonus equal to roughly two paychecks?
EF is funded to cover 6-8 months of expenses
Pre-tax retirement contributions will all be maxed out this year
No cc debt
Not eligible for Roth contributions, all extra savings go into taxable accounts.
And no, this is not hypothetical! ;D ;D ;D
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dancinmama
Senior Associate
LIVIN' THE DREAM!!
Joined: Dec 18, 2010 20:49:45 GMT -5
Posts: 10,659
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Post by dancinmama on May 4, 2012 18:11:01 GMT -5
I'd use it for a down payment on an Escalade and go buy a Coach purse and some crab legs.  |
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whoisjohngalt
Junior Associate
Joined: Dec 18, 2010 14:12:07 GMT -5
Posts: 9,140
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Post by whoisjohngalt on May 4, 2012 18:12:06 GMT -5
since your DH is loosing his job, I would put it in EF...
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Gardening Grandma
Senior Associate
Joined: Dec 20, 2010 13:39:46 GMT -5
Posts: 17,962
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Post by Gardening Grandma on May 4, 2012 18:15:00 GMT -5
If your DH is indeed losing his job, I'd second the EF (although I DO like the Escalade, Coach purse and crab legs idea ;D
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Peace77
Senior Member
Joined: Dec 29, 2010 1:42:40 GMT -5
Posts: 3,934
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Post by Peace77 on May 4, 2012 18:18:41 GMT -5
 Build EF to 9 months worth of expenses.
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Deleted
Joined: May 19, 2024 5:41:11 GMT -5
Posts: 0
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Post by Deleted on May 4, 2012 22:15:42 GMT -5
I had this happen 7 months ago where I expected 10k and got 20k.. I accelerated some planned purchases for the new house and bought some wood working equipment.
For you, I echo what the others have said. Save it.
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hoops902
Senior Associate
Joined: Dec 22, 2010 13:21:29 GMT -5
Posts: 11,978
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Post by hoops902 on May 4, 2012 22:23:14 GMT -5
What would "I" do? Probably go buy a car. What should you do? Beef up the EF at least until DH figures out a job situation, you can always blow the money later:)
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