I have been in the states since August and immediately started at my current job. I lived in the area in between my teaching gigs abroad. I am 24 years old with a degree in linguistics, and an act for the Chinese language. I spent the past two years "deployed" even though my husband is the active duty member. I graduated with no debt hanging over my head but I am ready to start building my nest egg for early retirement.
I work a salaried job
and I got a part-time gig as an adjunct (contract position, so no benefits).
$28,000 + ~3650 (adjunct job, starts in January)
$2185 Roth IRA w/ USAA (I am considering transferring to Vanguard)
$~9000 emergency fund
My husband (E4 Enlisted AF):
$26,220 base pay
$7,600 TSP Traditional
$6000 in a brokerage acc
$~700 groceries for the last six months. My husband and I enjoy cooking but he is deployed and this number is less than $200 a month at the moment. But aggregate of our money went towards eating out and specific ingredients.
$1,100 rent/month (I am motivated to move out and rent out the vacant rooms/other units)
I have started reading about real estate investment because it seems feasible in this area compared to our hometown of NYC. I am still in the learning process, have not yet done any deals but active on the bigger pockets forum.
I have a few more months before I can start investing in my office's 401k. I am younger and I would prefer a higher paying job but due to the area, my prospects are limited. I want to go into academia but I need the capital to pay for my education or work at a University and earn my degree. I do not want to acquire any debt in graduate school. Back to the topic of my current situation.
This month is open enrollment with my company and I am considering signing up for a HDHP to get a HSA started. My job contributes $750 a year. I am relatively healthy and I am still under my father's insurance until 26. So, I figure investing in a HSA now isn't a bad idea but I have to get off of TRICARE, which does not qualify me for a HSA.
I don't have any outstanding debts, between my husband and we have two credit cards each. We pay the balance each month and never incur fees. We do have a car loan on a lease that is about $220 a month and car insurance. My husband and I share a vehicle, luckily his base is near my job. I am looking into buying a used car for <$5000. We moved to Florida and hit the ground running, we both learned to drive and earned our license down here. As new car drivers, we weren't sure whether to buy or lease and ended up leasing. There is about $12k that we have put into that car the last 2 years and our lease ends in August. It is a Toyota Corolla. Not sure whether we should just buy it or buy a cheaper used car.
Also do ya'll do your own taxes or have an accountant? A year ago, we filed with the people on base but this past year we did it on Turbotax. I don't know if it was the best idea considering my unique situation living abroad for a year and being paid in local currency. Anyway, I appreciate any comments or suggestions, words of advice or two cents. I am eager to learn more and try to develop my game plan for FI.