hello all, i have been a lurker on this forum for quite awhile, though i'm poping my post cherry right now!
a little about my wife and i -
we're 24 years old
have a $333,000.00 mortgage (30year@3.7%), our home is apraised for $400,000.00 (feel confident we could sell at $395,000.00 very quickly). we don't pay PMI since it's a VA loan.
both my wife and my employers do NOT offer a 401k or equivlent so we have been staching money away in our roth IRA's and a taxable account.
our HHI is aprox $70,000.00 after taxes, though literally the only expenses we have are a $1700.00 mortgage payment - my wife and I each have a black card in which our parents flip the bill, basically expense accounts that our parents pay for everything, from car insurance to groceries, to internet - literally everything minus small things that come up like tolls, girl scout cookies, basically things we can't pay with a card. yes i know, we are extremely fortunate. My wife also has a revokable trust that has aprox $225,000.00, we have tried talking our motherinlaw to letting us have the money to throw in our vanguards accounts, though she is against the idea, so basically it's just sitting in a fidelity account generating a small amount of money and having rediculous fee's, at 30 my wife gets the money which will be nice. onto our personal finances...
currently we're saving everything minus our mortgage and small other things that come up, aprox. $4,000.00 a week.
Liquid cash:
$25,000.00
Taxable account:
Vanguards VTSAX $35,000.00
Vanguards VFWAX $10,000.00
Roth IRA's
Vanguards VBMFX $12,000.00
We both have paid off vehicles worth about $35,000.00
We were brought up in very different lives than we're living now, eating at 5 star resturants, wife buying channel purses.. we're definitely getting out of that life style, living within our means.