Marci’s main concerns, in her words:
My husband and I have been married almost 3 years now and have just recently paid off $30,000 of student loans last December. We are currently debt free and have no kids. My husband does not have any sort of retirement savings as of yet and I have about $3,000. Now that we have no loan payments, all of a sudden we have this extra cash flow of about $800-$900 a month that we don’t know what to do with. We know we need to contribute to both our retirement as well as savings (we have a brokerage account with about $4,000 in it), but how much should we put in each and what should be our priority right now? With retirement, the number seems SO BIG that it feels like contributing any amount will not be enough. We are overwhelmed. We are both 25 years old and also thinking about getting pregnant soon (within the next 6 months) and don’t know what kind of expenses that would entail. I have already started saving up for maternity/FMLA leave because I will not get paid for the entire 12 weeks that I would like to take off. Any advice/help would be appreciated!
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