C is getting a substantial bonus for his job this month. Here’s how we’ve decided to allocate it:
1. Half will go into C’s 401k pre-tax ~$7500
2. The remaining after-tax amount will be used to:
– pay off the rest of my grad school loan approx. ~ $2500
- make an extra payment on the mortgage ~ $1500
- the remainder will go into the savings ~ $1500
This will bring C’s 401k contributions to about $10,500 for the year. The money in the savings account will help us pay for our upcoming trip to France. And I’m SUPER excited to be paying off my grad school loan!
