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.I had decreased my TSP contribution to just enough to get the full match while paying down credit card debt, but with the new job, the sign-on bonus, the stimulus payment, canceled vacations, & the gift from my parents I decided to increase it to meet my limit again this year. I may have to adjust it again closer to the end of the year to make sure I max it out.
I also will have finished paying back my TSP loan at the end of the month. I sent an extra $500 payment last week. That will give me another $250 per paycheck.
TSP Increase
May 14th, 2020 at 12:01 pm