After the few posts I wrote about what we should do with the cash from the sale of our house and the sale of my shares followed by a few conversations amongst ourselves.
We have decided to:
- Pay off the LOC (~$24,000)
- Top up our Maintenance, Emergency/Vehicle, Gifts & Vacation Funds
- Match my employer's last pension contribution (~ $2,700)
- Stash the rest of the cash our TSFAs for an eventual down payment on our next place
Sounds like a good plan. Paying off debts and establishing an emergency fund are always tops on the list that experts recommend for money distribution.
ReplyDeleteThey do, and it still leaves us with a pretty decent down payment on our next house. So excited!
DeleteHow good is it going to feel to pay off that LOC? With that payment gone you can really start adding to an already growing down payment fund. I'm excited for you!
ReplyDelete