If you’re lucky enough to have some money left over after paying all the bills, you may be wondering where’s the best place to put that money to work. Should you put more money towards your mortgage? Car loan? Buy life insurance? Save for the kids’ college? How about retirement?
Well, we’ve made it easy for you. The thirteen buckets below are ordered in the sequence you should put your money if it’s applicable and available to you. You don’t move onto the next one until you’ve completed everything before it.
- Life Insurance
- Disability Insurance
- Credit Cards
- Emergency Fund
- 401k
- Health Savings Account
- 529 Account
- IRA
- Car Loan
- Extra Property Insurance
- Student Loans
- Mortgage
- Taxable Investments
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