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re: Ok, I want to save some money

Posted on 8/7/09 at 10:40 am to
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
9385 posts
Posted on 8/7/09 at 10:40 am to
Are you contributing to a retirement plan at work,and, if so, do you get an employer match? If so, I would attempt to contribute up to the match limit, then put dollars into emergency savings, then budget the rest as you need for expenses and attempt to save at a higher rate over time.

New graduates should read up the lack of savings of many middle age people in this country due to lack of budgeting and saving from day 1, their retirements are going to be dismal. Good luck.
Posted by tigerbandpiccolo
Member since Oct 2005
49284 posts
Posted on 8/7/09 at 10:41 am to
Thanks. I have the option of a 401K but I'm not really doing anything with it at the moment. I was planning on waiting until after my first year or so of work and law school to begin that. Hopefully I will have a raise by then.
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