I can tell I've been following Dave Ramsey because my first thought was "adjust the budget so 15% of his salary goes to retirement" LOL.

I would do 15% retirement for him and 15% for her (even if she's a SAHM she needs her own retirment account!) which is 30%.

Then I would make sure insurance is taken care of, life insurance and health insurance, if there is a deductible on health insurance I would put that amount of $$ away in a sinking fund.

Then I would fund the kids education and whatever is left over would go to pay off the mortgage. Another option would be to use the extra to pay off the mortgage, with no funding into a college account, and just cash flow the kids' college with the $$ used for the mortgage payment.

I'm not sure what that would all be percentage wise, it's such an individual thing, but that is what I would do and pretty much what Dave Ramsey recomends.

If an emergency fund is funded. I would put 50% towards the mortgage and 50% towards retirement. The mortage payment would be done in no time and then they could put more toward retirement. A paid for home during retirement is a GREAT option!!

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