[Gustavo]

I have a full emergency fund and paid off my debt. My dream is to buy my first home but baby step 3 is invest 15% percent should I pause all my retirement investments and go laser focus on saving up my 20% down payment for 18 months? Or should I continue to invest 18% and try to save for a down payment as well?

I’m 22 years by the way.

[Angela]

Bs3 is saving 3-6 month emergency fund. Bs4 is investing 15% in retirement. Many people do bs3b which is saving a downpayment before doing bs4. I would say, pay your investing to save for a downpayment if you have your 3-6 month emergency fund in place, otherwise do that first.

[Bryan]

I think Dave has been heard saying split it based upon your dreams. If you’re saving to invest in a home it’s ok to invest less into retirement. But if a home is farther out you can save less aggressively.

[Chris]

BS4 is investing 15% to retirement.

BS3B is commonly used to save for a home down payment. So you finish your 3-6m emergency fund, then focus on saving for a downpayment, BEFORE investing for retirement.

[Author]

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