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[quote=Anonymous]Thanks PP's for all of the great feedback and questions.

10:50- You make a great point about the savings and house funds being backed by the FDIC so that I dont lose immediate access to the money or lose the money alltogether. Thank you for pointing this out.

11:14 and 11:23- This is great advice. I agree that my first choice should be the option with the company match. Doesnt make sense to leave that money on the table. I have not yet started contributing to my retirement fund but I do plan to start this year. In fact Im kind of kicking myself in the butt that I didnt start contributing sooner.  I started working here 3 years ago so I could have potentially been receiving the company match for the past three years. I forget what the exact match is but I heard my coworker talking about it one day and apparently its pretty good.

11:34 - I am not contributing anything for retirement just yet and I also claim several exemptions. I think this is why my take home may be more. Normally at the end of the year I end up owing the govt anywhere from $900-$1500 when I do my taxes. Last year however I did not owe anything and I think this is bc of the birth of my child. I havent done my taxes for this year yet but I am curious whether as to whether or not I will owe.

11:38 - This is a very good question. I have been saving up for the past 4 months, so technically I should have $12K saved up, but I only have $11K. You'll notice that there $1K missing. The reason why is bc I keep the $1K in my checking account to serve as a cushion. Since my commission check varies each my by a few hundred I needed to make sure that I would have enough of a cushion in my checking to not go into the negative in my checking. Obviously I know that I have money in my savings but the goal is for me not to have to touch that savings $$ at all. Also, if there is any extra money left on the 15th I leave it in my checking account and it rolls over to the next month. So my checking account will sometimes increase from month to month, but not by much though.

For the most part my other monthly expenses are pretty low. My commuting costs are roughly $110 per month. Food costs roughly $100 per month. I really dont have any entertaining costs since I am always rushing to work or rushing home afterwards to be with DC. I don't eat out at restaurants and I dont do HH at bars, etc. I am able to keep my food costs down too bc my office frequently has conferences/meetings with catered food. There's usually tons of leftover food at least 3 x's per week. Since I'm in good with the receptionist she lets me know right before she is about to put the leftovers out in the kitchen so I can get first pick before the good food disappears. So this is where the majority of my lunches come from. Other than food and commuting I really cant think of any other expenses recurring monthly expenses.

I dont get my hair done, or my nails. I dont wear make up. I dont spend on a lot of money on unneccessary grooming products. Dont get me wrong I'm always well put together and presentable but I use just the basic essentials: toothpaste, deoderant, face wash, body wash, hair mousse, olive oil as lotion) so my personal care and toiltetry expenses are pretty low every month. I also try to use natural/home made personal care products when possible. I have this weird phobia of using too much processed anything bc of all of the chemicals/preservatives that are used these days.

11:39 and 11:44: I have the least amount of taxes witheld and I dont contribute to retirement at this point so this is why my take home is so high. This will definately change this year however once I start crontributing to my retirement account and Im also thinking about enrolling in a flex spending account. Between starting retirement contributions and flex spending contributions my take home pay will be lowered soon and I will probably only be able to save about $2,200- $2,500 per month as opposed to the $3,000 that Im currently doing.[/quote]

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