Thursday, March 20, 2008

Back on Track

I have now been able to restore my 401k deduction to 15% of my gross. Since mid-January I lowed my deduction percentage to only 1% to free up some cash to pay down debt and pay bills. I am hoping to keep my deduction at 15% for the rest of the year. If I am able to do that then my annual 401k savings would be around $13,700. I am going to keep my fingers crossed.

My 401k balance is over $7,000 lower now then it was last October due to the crappy stock market lately. Again, I have to keep focused on the long term and not the short term.

1 comment:

JW said...

That's got to be a great feeling. I been doing the baby steps and haven't gotten to that point yet. Congrats!