I have an extra 10K sitting in my checking account and not sure what to do with it. I left it sitting there for months thinking we might want it for a downpayment on another house, but we've decided to stay in our current house for now. So what do I do with it?
1. Keep it saved for a downpayment (we might change our minds in a couple years and want to move), but put it somewhere it can gain interest. (Where would this be?)
2. Put it towards our current mortgage. ($84K balance, 5.125% interest. Recently seeing our end of year mortgage statement and paying 3 times more interest than principal was what made me decide to take action here!)
3. Save it somewhere else - open an Roth IRA? We don't have much saved for retirement at this point, I am not working and my husband doesn't make much and is almost 40.
Thanks for any advice!