Okay so Me (24M) & My Girlfriend (23F) are trying to figure out how we can Make the most of 2025 savings wise since we'll both make more then ever before.
I work a Union Government Job and made $59K This Year. Next year it'll be $70K Assuming we don't get a new Contract.
My Girlfriend works the Same Job but is Still in Training. She Makes $36K a Year but in February gets a Raise to $60K a Year.
Currently we have No Debt, $3,400 in a Joint Saving we both put $300 a month into.
I also $7,000 on my Checking. 9% of my Salary goes into my Pension (50% of my salary Tax Free after 25 Years) 7% of my Salary goes into my Roth 457. (Government Roth IRA) & 4% Goes into my 457K (Government 401K.)
Only upcoming major purchase we see if her needing a car soon since hers is on the brink of collapse.
We're thinking about trying to get a home in 2028. And just buying government bonds with our joint savings. Hopefully having around $35,000 Ready for a Downpayment early 2028.
Only other thing on the Horizon is that our union is out of contract with the City & The Union said conservatively I should be getting $20,000 in Retro money with the new contract. Expected to be signed this year.
Here's my question,
How much to put away for the Car? Are we on track for a Home in 2028? What to do with the Retro check?