Hey everyone, first post here!
So over the last 3.5 weeks I've read every post from the blog and suffice it to say my eyes were opened wide. I was turned onto the blog after reading some stuff on r/financialindependence, which in turn was inspired by looking at my spending from May, which was $5,000, $2,000 more than I make a month.
I'm 25, no dependents, live in AZ but file taxes in WA (no state income tax).
I am in the military, currently an E-5 in the Navy and next June I'll receive a commision, which includes a healthy pay raise. I've done a bit of searching on these forms and on the-military-guide.com to get some sort of idea of what I should be doing with my money, but I just wanted some first person advice if you guys don't mind.
On to the numbers: (monthly)
Gross Income - $3,938 ($467.80 in taxes, 8.00 in SGLI Life insurance)
Net Income - $3,462.2 ($2,580 taxable)
Rental income - ~$550, includes $325 for a room in my house and half of utilities/supplies
Roth TSP (401(k)) contribution - $645 (just upped this month from $387)
Mortgage - $504 (3% interest, 45k left, 65k estimated value)
Car/insurance/Gas - $520/mo, leased (I'm punching myself in the face, don't worry) lease expires in early 2017, will be selling it back to the dealership and getting a practical car off craigslist with cash (20 is for gas)
TV/Internet - $145, roommate would leave without cable, otherwise I would cancel it (also non-negotiable)
Phone - $106, one year left on contract, then moving to Cricket for $30ish a month
Gas/Water/Electric - $100 for my share, working on reducing electrical consumption
Spotify - $6
Gym - $50 (I go to the university gym for free for weights, but attend unlimited yoga for the next few months while my shoulder regains mobility after a surgery)
Groceries - $300 (soylent, might move to a DIY recipe for a $150 savings/month and stuff for my dog)
Restaurants/Entertainment - $250 (for dates with girlfriend/movies/parties/mandatory balls)
Discretionary - $400 (for whatever comes up, pump for the bike, lead for pencils, whatever, most of this will hopefully go into savings)
So $2,776 spoken for, apparently $1,236 unspoken for
Assets
$5,500 in a wealthfront Roth IRA (maxed out for this year) (90% various vanguards, 5% corporate bonds and 5% emerging markets)
$5,000 in a wealthfront taxable account (90% various vanguards, but 5% municipal bonds and 5% natural resourses)
$8,600 in my TSP (2050 lifecycle fund)
No credit card debts
Student Loans - $9,000 (4% deferred interest until next June)
$25,000 loan at 3.0% interest
That's pretty much all I can come up with. What I'm looking for is recommendations on what to do with the money remaining at the end of the month, whether I should increase my contribution to TSP, decrease it and increase my taxable account contribution? Basically any advice you can give me on where I should allocate my assets, and where I should be putting any additional assets that are available to me.
It's also important to note that next June I will be losing my rent income, selling my home and getting a $1,400/mo pay raise. I am also getting a $15,000 bonus in the next couple of months, and right now I have 60% earmarked for the Roth TSP (the max allowed) and am not sure what to do with the rest.
Any help at all is very appreciated, please let me know if I should include anything else, I tried to list everything I could think of.
Edit: I also bike to school/work everyday, my car probably sees <40 miles/month