Quote:
Originally Posted by blktour
wow! thanks!
I know my employer contributes dollar for dollar. I have emailed my benefits manager and they sent me a form, that asks for percentage. I asked if we can do by dollar amount, but she hasnt gotten back to me.
I work off of commission so % wise will kill me if I make more sales one month compared to the other dont you think ?
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I would absolutely contribute the maximum amount your employer matches. It usually isn't taxed. Your aren't smart if you don't take advantage of free money.
Then, I would save enough to have cash to live on for six months. CDs that mature every 3-6 months on a rotating basis generally earn a higher rate than a savings account. For example, if you have $20,000 stick it in 4 different CDs that mature every few months. That way you'll always have a stream of available cash but earn the best return.
Then I would reduce debt. At that point I would then begin to save for investing.