So thanks to tips and encouragement from the MMM community I've just finished paying off $65K in student loans, woo hoo!!!!! Now my problem is I don't know what to do with my extra cash. Any advice is greatly appreciated. Here's a rundown of my financials:
1) Monthly HHI $8,000 plus additional $2,500/mth in bonus income (BONUS INCOME IS NOT GUARANTEED)
2) $25,000 in credit card availability (we never carry a balance)
3) Mortgage balance of $170,000 @3.75%
4) Retirement savings of $35,000
5) Monthly expenses of $3,800
6) Cash savings $25,000
7) No debt outside of mortgage
We are a HH of two with a baby on the way.
PLEASE HELP, HOW DO WE MOVE FORWARD? We are not big fans of stocks.