I have been always haunted by this question and I have not had a chance to do much research on it. Now, I am qualified to open a 401K account with my present employer and this question has become a reality for me. I plan to put 3% of my income to 401K from April. My spouse also has a 401K from his work and he invests a good chunk of his paycheck towards it.I am wondering whether it is a better idea to payoff the debts that we carry in our CC first than opening an IRA account for 2007?Any comments are welcome.
Archive for March, 2008
IRA or 401K
Posted by moneymatters on March 18, 2008
Posted in 401K, IRA, credit cards, finance, money, saving money | Leave a Comment »
Baby steps
Posted by moneymatters on March 11, 2008
I am glad to post that I have made some progress regarding my habits of spending though they are in baby steps. Since my last post here, I have done couple of things that I am happy about.
I have stopped buying books but made some trips to the library.
I have started bringing home food or frozen lunch at work, though I am doing at least three times a week, this is definitley helping me.
Another biggest goal that I am trying to accomplish by end of this month is pay off my CC debt.
Posted in finance, money, saving money | Tagged: credit card, debt reduction, finance | Leave a Comment »
