Starting FIRE at 35 w/ newborn
I'm married with a baby due in a month and I want to get my finances in order and potentially do FIRE. I'm 35 and my wife is 29. Could use some advice of where to start. I'll list my finances below:
My monthly take home: $4k
Wife take home: $2,300
Rent: $1,700
Groceries: $500
Utilities: $200
Gas: $450 (we both have commutes)
Phones/Internet: $75
Pets: $80
Car: $10k left w/ 7.5% interest
Student Debt: $50k at around 4%
HYSA: $3k
IRAs: ~$30k (we put in $500/month)
401k: wife doesn't have one, I'm not currently contributing to mine, my company will put in roughly $5k every year regardless of my contributions
So I know we're way behind even in terms of normal retirement. We'd like my wife to stay home with the baby for 3 months so I think we need to aggressively beef up the HYSA for the next month or two. After that what should we do? Aggressively pay off the car? The student debt? Max out our retirement accounts? Save for a house?
I think my wife should get a better paying job a lot closer to home to cut down on gas costs. She does not have a degree. I'm in IT and hope to job hop within the next few years to get up to 6 figures.