I just registered for my 401k at work, electing to contribute 5% on a yearly basis, about $46 per biweekly check. It feels sooooooooo good to know I’m saving for retirement again!
When my health insurance becomes effective in early September (buh-bye COBRA!) I have set up a monthly contribution of $100 to my Roth IRA. Again, this feels really really good. Since I moved in with my boyfriend I’ll be paying approximately $500 per month to him in rent, which is approximately 25% of my monthly income, which is awesome. I’m so glad I decided to move in with him. For financial and other reasons.
After I get my credit card balance of approximately $825 paid off (by year’s end, thanks Dave Ramsey), I should be able to save approximately $400 per month. I am going to be very aggressive with saving towards my baby step 1 (save $1,000), but also save for retirement at the same time. I’ve lost a lot of ground with my retirement savings due to needing to financially cash in approximately 35k worth of retirement savings because of a financial crisis a few years ago. Never again! Retirement savings is TOO important.
Thanks to my readers for all of your support.
