No change to A and B below.
a. Find investment vehicle for mom's savings account that I am building (currently at $300)
b. Find account for long term savings. I am of the mindset that I would like to have two "pots" for my savings. One where I retain my money market account at $20k, which will form my emergency nest egg. The second account will be in a slightly more riskier fund (50/50 stocks/bond acct?) and will contain my long term emergency fund, which I would like to grow to $80k+. By doing this, I feel that most of my emergency fund will grow to at least match with inflation over the years.
Spent some big money this month, but it was well worth the experience. I'll pay most of the debt off with my savings and carry some on a credit card. With my military service, I'll always have a steady check so I can assume some risk not having as robust of a savings account as I've carried over the last few years. |