Cash – $24,028
We bought a house and our cash reserves took a hit.
Stocks – $1,454
Our two cars are completely paid for. So instead of sending a monthly car payment to the bank, we’ve recently started investing $350 per month in a mutual fund. There are some risks associated with this strategy, but they are risks we are both comfortable with. This strategy was solely inspired by Dave Ramsey’s Drive Free, Retire Rich.
Retirement – $21,299
We are still saving roughly 15% of our gross pay for retirement.
Cars – $11,975
The value of our cars is an estimation from Kelly Blue Book.
Home – $142,000
Student Loans – $7,406
Still looking forward to getting rid of these next spring.
Mortgage - $130,000
Credit Cards - $114
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Are the mutual funds actively managed or are they index mutual funds?
Physlab
@Physlab – I have two index mutual funds in my “car replacement” account. Outside of my 401(k) which I believe is actively managed, I have a growth mutual fund in my Roth IRA.