I got paid yesterday

June 30, 2007
I am able to contribute 8% to my 401k and I also save $175 in my emergency fund every two weeks. This year I have also been putting money away in my Roth IRA. Only about $100 per month but it is better than nothing. The maximum Roth contribution for 2007 is $4,000 (of course there are income limits that I won’t get into here.) My goal is to have $10,000 in my emergency fund. Right now I only have about $2,400 in it. Most of my money is tied up in retirement funds.
I am trying to be frugal…in the last twelve months my home computer (I now use my work laptop for most everything), my digital camera, my printer, and my iPod have broken. I do not want to replace anything until my emergency fund is built up. I may break down and get a new home computer though.
Posted by atlantagirl Filed in Uncategorized