Reply to What should I do with my 6% raise?

Forum Index » Money and Finances

Reply to "What should I do with my 6% raise?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why ask for help if you already have your own plan for want you want to use the additional funds for?

Your emergency fund and retirement savings are scary low. If I were in your position, I would try to build up the emergency fund and take advantage of the tax benefits of the 401K. [/quote]

I didn't already have a plan.  I stated that plan once I heard what other people thought, which was that we needed to focus on 401k first and foremost.

I'm really not that concerned with our emergency fund.  We have $25k in savings and another $25+k in stocks we can access, plus two stable jobs.

I don't consider my retirement savings "scary" low, given our salaries and the fact that we've had to pay for daycare for the last several years, but we will work on it.[/quote]

Given your ages and your HHI, I do think that your retirement is scary low. Forget the vacations, you need to save, save, save. [/quote]

New PP- given the HHI, what should the OP be saving per year?  We are in a similar situation.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics