<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > officially starting today

officially starting today

February 2nd, 2007 at 03:47 pm

I meant to start yesterday, but some things came up. Anyway, I saved $16.50 today at the grocery store using coupons. My total at checkout was only $3.25. I got a gallon and a half of milk, a case and a half of water, some grapes, and powdered doughnuts (my 5 year old loves them.) I plan to go to CVS later and take advantage of their specials. I get quite a few things free there as I take advantage of their extra buck promotion. I will add that savings later.
I have a question for anyone who is kind enough to lend their knowledge Smile ....
My husband works for a company that does not match his 401K. Should we still contribute to this or maybe open a Roth IRA? And how do you do this??? I am also open to any other advice. Thanks in advance.

Besides my morgage, these are my debts...
Truck.........$8823
CC............$1596 1.99% int.
Best Buy CC...$1000 0% int. until Nov.

This is my total so far:
$20.00
$16.50
$36.50 total

Posted in Uncategorized | 5 Comments »

5 Responses to “officially starting today”

  1. Ima saver Says:
    February 2nd, 2007 at 03:52 pm 1170431541
    1170431541

    You should open a roth IRA. I reccommend you call Vanguard mutual funds and get some info sent to you. The minimum is $3000. If you do not have that much, open a roth ira at a bank and save it til you get the minimum. Then call Vanguard and ask them to send you a transfer sheet. They will do all the work for you. You can each put in $4000 a year.(In 2 seperate roth ira's)

  2. tinapbeana Says:
    February 2nd, 2007 at 03:55 pm 1170431753
    1170431753

    glad to have you join us! so far as the 401k vs rothis concerned, i myself would opt for a roth since there is no company match on the 401k. roth is simply a legal designation for an account, but the account itself can be setup up like almost any 'regular' account where you would keep money, running the gamut from a simple money market to high risk investments. if you're comfortable banking online, you might want to check out vanguard, fidelity, t rowe price, or scottrade. many of these companies also have real life offices where you could go and speak with someone about the types of roths they offer.

  3. JanH Says:
    February 2nd, 2007 at 05:18 pm 1170436692
    1170436692

    Welcome! Glad you are here!

  4. fern Says:
    February 2nd, 2007 at 05:29 pm 1170437379
    1170437379

    Keep in mind that the Roth IRA contribution limit is $4,000 if you're under age 50, but if you have more money to contribute, you can contribute up to 15% of gross pay in the 401k.

  5. Homebody Says:
    February 3rd, 2007 at 03:52 pm 1170517976
    1170517976

    I started a Roth Ira with Vanguard for less than $3000.00. I think that limit might be for regular investment, not IRAs and I think different mutual funds may have different limits.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]