Re: When the house is paid off... then what?
We are early 30s as well and paid off the mortgage last year. We now contribute $458/month to each Roth IRA and $100/month to each child's college fund (prior we were doing $100/month to each IRA and $50/month to each college fund). We might increase the college fund contributions as well, not sure. I think the max you can do is $5000/year per household, and with four kids we are at $4800/year already.
Beyond that, we still set up sinking funds for vacations, new vehicles, etc. We paid cash for a brand new van in December (well, with the trade-in) . We have been able to make some really large (IMO anyway) contributions to our church and various charities, and we are now saving for a trip to Ireland
Last edited by Melinda29; 02-08-2013 at 05:31 PM.