I am 46, single, no kids. I am a health care professional. I feel that I'm generally a very good saver and a not so good budgeter - hence the credit card debt payoff I worked through in 2020.Two months into my new second job & I feel more squeezed than ever. Maybe having a second job gives a false sense of wealth. I have somewhat over-extended myself with my increased savings.
I am contributing 50% to the 401(k) & $500 to my Roth IRA every paycheck. I had not contributed anything to my Roth IRA since last year. If I contribute $500 for the last 11 pay periods of this year & the first 11 pay periods of next year, I'll have met my maximum contributions for this year & next year. Then I'll have $500 more every pay check.
I'm excited that I'll be able to max out 3 retirement plans next year: my Roth IRA, my TSP, & my 401(k). I am making a lot of hours, but I don't want to complain as I have been searching for another job for some time. This job is a blessing & I see how my retirement savings have grown these past 2 months. Now to decrease the debt.
Two Month Review
October 1st, 2016 at 06:24 pm
October 1st, 2016 at 09:03 pm 1475352186
October 1st, 2016 at 09:13 pm 1475352810
October 2nd, 2016 at 07:24 am 1475389448
https://creditcards.chase.com/a1/sla...ff/15-31340/na
You will need to run the numbers to see if it's beneficial in your specific circumstances
October 2nd, 2016 at 02:46 pm 1475415984