I’ve 100k in money saved up. I make 100k a 12 months with a 15k increase every year. I’m 27.

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The primary purpose I’m writing is my spouse and I want to purchase a truck, the one we’re eyeballing is 50k (model new) which is half of my liquid money. I’m younger and have by no means seen this sort of cash earlier than in my life so to spend half of it appears reckless however to additionally hold all of it within the financial institution additionally appears reckless.

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The second huge purpose: I’ve already maxed out my Roth IRA this 12 months. Other than the car buy, the place ought to I put this cash? Ought to all of it’s in funds reminiscent of VOO/VTI and many others? How a lot ought to I hold available?

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I see the F-150 buy as one thing of a long-term funding for the household. When now we have youngsters it will likely be a secure car for them, with loads of area and utility for street journeys and adventures. We’re an enormous outside household. That is how I’m reasoning shopping for a brand new truck slightly than an outdated one which can present issues earlier than a brand new truck. Going again to my 2nd purpose for writing, it looks like the cash is simply amassing mud so I wish to at the least put it to make use of, ford is working some good offers proper now.