Comments on: another look http://sistahant.blogsome.com/2007/07/05/another-look/ This sistah is trying to be an ant, not a grasshopper, by increasing net worth working the smart way. Mon, 26 Oct 2009 05:47:47 +0000 http://wordpress.org/?v=1.5.1-alpha by: Rad http://sistahant.blogsome.com/2007/07/05/another-look/#comment-19 Wed, 11 Jul 2007 14:49:44 +0100 http://sistahant.blogsome.com/2007/07/05/another-look/#comment-19 I agree with Tiredofbeingbroke. Getting the company match is getting free money, I don't think you should contribute more than that, send the rest towards your credit cards if your in debt, good plan girl. I used the 8% example because my company only matches the first 6% you contribute so I guess that was in my subconcious. I made very small contributions to my emergency fund while paying off debt, a very small amount, so I see the argument for this method as well. I owuld focus the bulk of my money towards paying the debt off first though. I agree with Tiredofbeingbroke. Getting the company match is getting free money, I don’t think you should contribute more than that, send the rest towards your credit cards if your in debt, good plan girl. I used the 8% example because my company only matches the first 6% you contribute so I guess that was in my subconcious.

I made very small contributions to my emergency fund while paying off debt, a very small amount, so I see the argument for this method as well. I owuld focus the bulk of my money towards paying the debt off first though.

]]> by: tiredofbeingbroke http://sistahant.blogsome.com/2007/07/05/another-look/#comment-12 Sat, 07 Jul 2007 22:08:36 +0100 http://sistahant.blogsome.com/2007/07/05/another-look/#comment-12 I have a lot of debt, credit cards, car loans, student loan. I am aggressively working on paying down my debt. However, I am currently saving for retirement at the same time. I contribute the minimum needed to get the employer match. It is pretax savings and my percentage is so small that the change in my net pay is negligible. Currently, my 403B is one of the few areas of my financial life that is going wel. I also have a small emergency fund of a few hundred dollars. It makes sense to me to do things this way. it works for my situation and gives me an easier peace of mind. I have a lot of debt, credit cards, car loans, student loan. I am aggressively working on paying down my debt. However, I am currently saving for retirement at the same time. I contribute the minimum needed to get the employer match. It is pretax savings and my percentage is so small that the change in my net pay is negligible. Currently, my 403B is one of the few areas of my financial life that is going wel. I also have a small emergency fund of a few hundred dollars.

It makes sense to me to do things this way. it works for my situation and gives me an easier peace of mind.

]]> by: Rad http://sistahant.blogsome.com/2007/07/05/another-look/#comment-11 Thu, 05 Jul 2007 16:57:37 +0100 http://sistahant.blogsome.com/2007/07/05/another-look/#comment-11 I don't think I agree with Liz on this one, I do normally like and agree with her writing even though I have a Y chromosome :) I don't knock anybody's hustle though, as long as your saving, you should be happy. But I would go credit cards first, emergency fund, then retirement. At least get $1000 in the emergency fund then split between retirement and emergency. If you owe $5,000 in credit cards, what are you doing contributing 8% to a 401K or even maxing a 401K out (my dream someday). nice post though, keep it up girl :) I don’t think I agree with Liz on this one, I do normally like and agree with her writing even though I have a Y chromosome :) I don’t knock anybody’s hustle though, as long as your saving, you should be happy. But I would go credit cards first, emergency fund, then retirement. At least get $1000 in the emergency fund then split between retirement and emergency. If you owe $5,000 in credit cards, what are you doing contributing 8% to a 401K or even maxing a 401K out (my dream someday). nice post though, keep it up girl :)

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