Quote:
Originally posted by Cynthetiq
as far as meeting financial goals... it starts with "PAY YOURSELF FIRST"
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That all depends on your goals. If your biggest financial goal is to get out of debt, then pay yourself last. If on the other hand your goal is to start investing and putting money back for the golden years, then by all means pay yourself first.
For example, I just changed my 401K contribution to 0. This gives me an extra $200 a month to pay bills with. I will be able to get everything except the car paid off within the next 10 months because I did this. However I am loosing about 350 a month (my contribution + employer match) to my 401 for my retirement. However after I get the bills paid, I can contribute a higher percentage to my 401 to help make up the difference.