only open the roth account after debts have been paid. I know that dollar-for-dollar this doesn't always get the best bang-for-your-buck long term but a) you've already got a 401k, so you've got something for VERY long term b) if something tragic were to happen, those debts will swallow you long before you need to worry about retirement.
Pay down high interest debt first, as others have said. Open up a credit card or two and pay them off in full each month. This'll build credit plus give you cash back.
$12: 10 (good!) DVDs
$138: Zen X-Fi 32 gb
$4: ToyStory 1&2 BR/DVD + 2x TS3 movie tix
$45: 8 bags M&Ms+ 4Orville 6packs + 2 Redbox +3 blurays+ 2 DVDs+ 4 movie tix+ 1 Bisquick
$262: 50" LED TV
$281.99: mower+ 3 barstool+ 2 tailgate grill+ 6fertilizer+sawzall+4pillows+edger+swimsuit+2WiiU AfterglowPro +2sandals + sprinkler + 50' hose -- SYWR
One happy wife! Running video game deal list: $155 bought me 3DS: DKCR, ALBW, PkmnY, MarioGolf, Starfox, FE:A WiiU: NinLand, BatmanAC, AC4, W101, NG:RE, MK8, Pikmin 3, NSLU, 3DWorld, ZombiU
1st, your food bill is too high IMO. I feed 6 of us on the same budget just by shopping at stores like Bottom Dollar & Aldi's. Less selection, but the food is decent & inexpensive. (25 lb turkeys are $.39/lb right now... We've been stocking up on them in our big freezer that we got from Sears for pennies after various deals/coupons. A bag of chips there costs $1.25 vs $2.50, then you deduct the coupon, etc... You get the idea.) Bottom dollar even accepts manufacturer coupons (no doubling) and gives you coupons for $5 off of a $25 purchase. It's an effort for us to spend $250/mo for all of us and we buy anything we want. Consider looking for ways to reduce that bill to under $200/mo.
I think your income, especially for your age, is excellent and you've been very smart to pay off the debt quickly. Congrats on that. You've definitely made good choices there. If you decide to have children later on, this is going to be a huge relief, especially if she decides to stay home with them when they're little.
Her insurance seems a bit high. We've always opted to pay cash for medical/dental, but with the new laws changing in 2014, I don't know if it's worth the hassle for her to stop unless she just wants to do so for 1 yr. If you decide to get married later on, I'm assuming this will decrease since she could then use your policy.
Personally, I would have more available in cash & other assets..."just in case". Planning for retirement is great, various investment accts are great, paying off debt is great, etc, but I'm of the mindset that it can all be somewhat figmentary as well. Possibly consider buying a weapon, a piece of land and gold coins when they're at a more reasonable price... Maybe learn to fish, hunt, camp, live off the land, make your own wine/beer to trade with, etc. I realize that's not really what you were asking in your original post, but I just feel that if you truly want to remain on top financially it's important to be prepared for whatever monetary system could be put into place in the future. I also think those kind of learning experiences can remain within your budget while still giving you two a chance to spend some fun time together.
Overall, great job. It sounds like you're on the right track. As long as you stay strong in your choices and don't become hooked on some vice later in life that takes it all away from you, it sounds like you've got a good foundation established!
1) Why are you paying a 4% interest on a deprecating (car) loan when your 5k emergency savings is probably not earning as much? This loan suggests you need to start saving more money, Can you carpool or one take public transportation?
2) No ones job is secure in this economy. I am curious why you are not taking a more proactive stance to ensure your viability should you face unemployment?
I am a minimalist and have my life packed into two boxes outside of my cloths and furniture. I donated two cars to a charity. You''d be surprised how little you really need.
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