Thanks for the replies. Uturn, $1200/mo savings is incredible! nice job, and Larry congrats on having your stuff together at such a young age.
I currently have an emergency fund of around 4 months of expenses. I want to get that up to 6 months. And I agree on lowering expenses, I just did a mortgage refinance, I'll be changing cell phone providers which will save me about $50 a month, I already live a fairly thrifty life and always pack my lunch, never buy coffee, don't buy myself many clothes, etc... There isn't too much fat to be trimmed...getting rid of cable is an option but not my favorite one since my boys and I do enjoy watching sports together. I have a pretty basic cable TV package.
My debt is as follows:
$2500 credit card debt at 0% which I'm paying off next paycheck just because I hate having this debt.
~$13K in 401K loan that I took out during the divorce. Currently paying myself back with interest slowly but this is around $500/month
Car loan, 2% interest. First car loan I've had in 15 years, I hate having one but I know that I will drive this car into the ground after it's paid off.
I don't have access to a HSA. Larry, you mention maxing out the IRA before maxing out the 401K, so you would recommend the non-deductible Traditional IRA? I have access to a company 401K and make too much to qualify for IRA contributions to be deductible.
It is a huge goal of mine right now to get that savings rate up. I appreciate the advice.