$685 extra per month....where should I put it???

OK, so in a few months I am going to be buying my first home. I am planning to keep $7,000 in my money market account as an emergency fund and to start saving for my property taxes and homeowners insurance when that comes due next year.

After all my bills, mortgage payment, credit card payment, car payment etc. I still have about 685 dollars left over. What do you think I should start doing with the money?? I am also getting married in about 8 months, and I would like to save for a nice honeymoon. I want to budget 5,000 dollars for that. Here are some of my other goals:

-open a Roth IRA
-pay off 2nd mortgage ($11,000)
-nice honeymoon in 8 months
-pay off car ($4600)
-pay off credit cards ($800)

How do you think I should start to allocate these funds that I have each month???

1:Pay off your credit card balance immediately.
2:Save for your honeymoon since it's 8 months away and I'm assuming you don't want to touch your emergency fund.
3:If you have a 401K at work that matches your contribution then contribute up to the match and then fund your Roth.
4:Either pay off the car or open the Roth. I'd probably pay off the car first so you can free up even more money per month.
5:Pay the mortgage off last. It's tax deductable and should be a low enough interest that it's not too big of a burden. If the rate is variable then lock it in now. Holding a variable rate mortgage at this time is just foolish.

I would invest $330/month into a Roth IRA.
I would add extra $100/month toward the mortgage payment.
I would add extra $100/month toward the car payment
I would add extra $50/month toward the credit card payment.

I would then save $105/month in a savings account such as EmigrantDirect.com or INGdirect.com or Citibank e-savings. These savings account earn around 5% interest/year. Imagine that you put $20,000 into one of these savings accounts? You could earn around $90/month in interest!

Buy me a boat.

Ask future wife---$685 in a new household won't go far....

Save it for now---

i would suggest opening a savings account and at least saving 500 dollars amonth of that 685 500x12 that would be an extra 6000 dollars a year you could be saving

Wow! Do you mind emailing me, telling me what it is you do???? udontknomahname!yahoo.com.Divide the money between those things you could be paying off and eventually own!!!

i would pay off your mortgage, usually you get a reduction if the mortgage is paid off sooner than originally anticipated. if that isn't the case, put a bit more aside for your honeymoon, i'll come too. :-)