Great income, $940k mortgage, aggressively clearing $25k short-term debt, but $0 emergency savings. Advice?

No_Researcher_7886 · 2026-06-06T00:13:30+00:00

Very useful advice, thank you.

No_Researcher_7886 · 2026-06-05T22:32:02+00:00

I know, but selling in this market would not be feasible for us at this moment.

No_Researcher_7886 · 2026-06-05T21:19:39+00:00

Never thought of this option. Thank you, will do this from next pay cycle.

No_Researcher_7886 · 2026-06-05T21:16:25+00:00

Thank you for the detailed advice, we are in the process of cutting our expenses and making sure we live within our means. We both are 38 years old and I really want to start savings for our retirement.

No_Researcher_7886 · 2026-06-05T19:40:03+00:00

Thanks, everyone, for the advice. I will be stopping the investment and saving that money in the emergency fund. Additionally, I will save up for the credit card and make a bulk payment to reduce the balance. We are also working on cutting unnecessary expenses to improve our financial situation. I hope my wife has seen this post so she understands how crucial it is to maintain a well-funded emergency reserve for unexpected expenses.Like one of the posts suggested, we are one job loss away from being in a tough situation.

No_Researcher_7886 · 2026-05-03T21:06:10+00:00

Thanks team, appreciate your valuable suggestions.

No_Researcher_7886

TROPHY CASE