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<blockquote data-quote="ReadMoreBookst" data-source="post: 2198643" data-attributes="member: 774548">I am confused about how to allocate my finances. I graduated college in 2008 and just finished paying off all my loans. (Yay!) My husband and I achieved this by slamming the bill every month, paying way more than what I owed and not saving anything. We have about $1,000 in savings right now. So, my husband still owes about $15,000 and he&#039;ll be heading to grad school in August which we&#039;re going to try to pay out of pocket. My main question is, we&#039;re renting a house that we like, but we want to be able to move out in about 5-7 years, buy a house and start a family. But how do people do that? I want to be able to put a decent amount down on the house, but then that will be ALL of our savings. We have no CD&#039;s, no retirement fund...etc. I&#039;m just not sure how to go about saving, when we need to pay off our high-interest debt ASAP. Any suggestions appreciated!Retired: Read it! Haha...I love that book actually. That&#039;s what helped me get my loans paid off. BUT, he says pay your highest debt first, but he doesn&#039;t go into much detail about paying high debt while trying to save for a house. We&#039;re all about shooting for his 100% down plan, but I&#039;m just confused about HOW to do that within 10 years, even!</blockquote>

[QUOTE="ReadMoreBookst, post: 2198643, member: 774548"] I am confused about how to allocate my finances. I graduated college in 2008 and just finished paying off all my loans. (Yay!) My husband and I achieved this by slamming the bill every month, paying way more than what I owed and not saving anything. We have about $1,000 in savings right now. So, my husband still owes about $15,000 and he'll be heading to grad school in August which we're going to try to pay out of pocket. My main question is, we're renting a house that we like, but we want to be able to move out in about 5-7 years, buy a house and start a family. But how do people do that? I want to be able to put a decent amount down on the house, but then that will be ALL of our savings. We have no CD's, no retirement fund...etc. I'm just not sure how to go about saving, when we need to pay off our high-interest debt ASAP. Any suggestions appreciated! Retired: Read it! Haha...I love that book actually. That's what helped me get my loans paid off. BUT, he says pay your highest debt first, but he doesn't go into much detail about paying high debt while trying to save for a house. We're all about shooting for his 100% down plan, but I'm just confused about HOW to do that within 10 years, even! [/QUOTE]

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