So in theory, say you had 24K, taxes already paid, no strings attached, that you hadn’t expected to have? What would you do with it?
House downpayment? Pay down the mortgage? New car? Stick it in the emergency fund and leave it alone? Redo your kitchen or lawn?
We’ve got some extra money we saved for an expenditure that ended up being less expensive than we thought. Right now we’re thinking mortgage lump sum payment. Thoughts?
ETA: funny! This number is very close to the one in today’s Get Rich Slowly. So here’s another question. What would you do with $24K now, and what would you have done with it at age 22?
At age 22 I DEFINITELY would have bought meat with it. And subway tokens. :) It might also have paid insurance and parking on my car so that I didn’t have to lend it to my sister until she went to college (and it wouldn’t have gotten the right front corner smashed in). And, of course, DH’s high interest private student loans, which were the whole reason we weren’t able to afford meat in the first place.