How Should I Order My Financial Priorities?

Episode #37
April 7, 2021

Last week, we asked you to send in your money questions. And you responded in a big way. So, we are going to answer a few of your questions in this episode. Plus, we will announce the giveaway winner!

Here are the questions we answer:

Question 1: How should one order priorities of saving for retirement, paying off debt, saving for college, etc.?

Question 2: I’ve taken my workplace match (6%) on my retirement account which is a 403(b) since I work at a non-profit, but as I think about where to invest the rest of my 15%. I’m tempted to invest it elsewhere since my 403(b) options are very slim. Is it smart to put the rest in something like a Roth IRA, or is it better to keep everything in the same account to capitalize on higher gains since the account will have more money?

Question 3: What are the best practices in a healthy financial marriage when one spouse loves the idea of paying off a 3 % loan on a house and the other spouse loves the opportunity of making 8-10% in the market?

Additional Notes:

8 Money Milestones

The Essential Emergency Binder

Episode Sponsor:

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