Current Events > woo, got paid today! it's so nice to see my bank account swell

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treewojima
04/28/17 8:35:59 AM
#1:


aaaaaand it's gone
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Anarchy_Juiblex
04/28/17 8:37:46 AM
#2:


lol same.
Side note, my stocks are doing well.
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"Tolerance of intolerance is cowardice." ~ Ayaan Hirsi Ali
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Borgnar
04/28/17 8:38:25 AM
#3:


100 per check n your savings

Don't touch unless you're gonna miss some kinda payment
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clearaflagrantj
04/28/17 8:43:39 AM
#4:


Borgnar posted...
100 per check n your savings

Don't touch unless you're gonna miss some kinda payment

More like employer 401k/SIMPLE IRA/HSA, or a personal IRA.

1. Build an emergency fund of at least a month's worth of expenses, ideally 3-6
2. Max out 401k/SIMPLE employer match (this is mandatory)
3. Max out HSA if applicable
4. Fully max out 401k/SIMPLE
5. Max out Roth or tIRA
6. Dump the rest in a taxable brokerage account, or save up for big expenses like a car or house.

If you have any debts above 5%, pay them off asap after step 1, if they are less than 5%, make minimum payments then pay them off asap after step 4 or 5.

tl;dr living below your means is the key to financial freedom. I live on 66% of my paychecks easily.
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