What do you think I should do? Tell me your thoughts!
>> Saturday, October 31, 2009
Sorry for the lack of posts in the past few days... I've just been really busy at work. I was sore on Thursday so I didn't workout and took a rest day. Instead, I got to work super early (like 1.5 hours early) and got a ton done before people showed up.
On Friday, we had a potluck at work; I signed up to bring a dish of course. When you're a bike commuter, something as simple as signing up to bring a dish to a potluck really throws a kink in your plans. After all, I can't very well carry a crock pot on the bike with me can I? So I rode into work with Michael but it makes for another early day to the office again. I showed up about 2 hours early. I don't even tell people at work when I do that b/c they just look at me funny. Like, "What the hell is wrong with you?"
Honestly, when I get there at 6:00 and most everyone else starts at 8:00, those two hours are by far the most productive of my day! The office is nice and quiet, I don't even turn on all the lights- just those I need to work. I'm not interrupted every 3 minutes, my train of thought is straight and focused, so I'm able to accomplish so much more! I'm one of 3 supervisors in a department of 31 people so being interrupted even if it's a 2-second question is commonplace.
To say my review went well on Wednesday would be an understatement. It was MORE THAN POSITIVE I'm super excited. I even got a 5% raise! Take that RECESSION!
I'm kind of torn right now... we're scheduled to have our Emergency Fund in place by the end of the year- just two more months. The EF is the next step of Dave Ramsey's baby steps and once that's in place, that's when we start contributing to our 401k and retirement again. Since we started his program, we've stopped all retirement contributions, including the 401k. It was really hard for me to do that.
I'm torn between sticking to funding our Emergency Fund or starting my 401k contributions right now. Since I am getting a 5% raise, if I start my contributions of 5% again, nothing will really change. I won't even notice yet I'll stop losing out on the 3% match that my company offers.
What do you think?
1)Do not contribute to my 401k, let my paycheck increase as a result of the raise and fund my Emergency Fund faster.
or
2)Begin contributing to my 401k, essentially not feeling the 5% raise and continue to fund the Emergency Fund as originally scheduled, having it in place by the end of the year.
Thanks or your input.
Kelsalynn
3 comments:
I know our plan is to do a 50/50 plan. Take all of our extra income over budget and put 50% towards retirement/savings and 50% towards debt payoff. maybe you could do some sort of a split like that with your emergency fund and 401K.
either way, you're almost there- so pretty soon it won't matter!
Good question. I'd say continue on with your emrgency fund and contribute to your 401k when your fund is set. You'll have your emergency fund set in probably a couple more months at most and in the grand scheme of things, those few months on your 401k shouldn't make too much of a difference, right? I'm just guessing. You're the money girl. Either way, congrats!
Contribute to your 401k! I have been wondering whether or not you were doing this all along. You should definitely do this, especially if you have any kind of a match from your work! Just my thoughts.
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