I just had my review with my boss and I'll be getting a 3.5% raise and a bonus of ~$18k. I'm wondering what to do with about $10k of that.
The only debt I have is a car loan for $7420 with a 1.99% interest rate and a little over 24 months to pay it off. I do plan to move out of the country in the next 14-16 months, so I plan to pay down about $3k on this, so I can make smaller monthly payments and be debt free within a year.
I want to take $2k and put it on my ROTH account. So far I've only contributed $1k to it, so this will get me caught up to where I want to be.
How would you recommend utilizing the rest?