November is just about over and after bills are paid and money is put into savings, we have close to $2000 left! Woohooo! We're not sure if we should throw it at savings or earmark it for investment or perhaps do something else with it. It sure is nice to know we're on the right track, though.
Here's hoping we can produce similar results in December!
I loves me some end of the month money!
November 29th, 2009 at 12:18 am
November 29th, 2009 at 12:20 am 1259454002
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November 29th, 2009 at 01:18 am 1259457530
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If you feel like you need to put it into something more investment-y, remember that you can top off/start your Roth. Since you can withdraw the principal tax-free (earnings are taxed, not the principal), you consider it as an emergency fund. Does double duty!
November 29th, 2009 at 01:25 am 1259457956
Debbie, we do have an EF. It's only 6 months worth at this point and we talked a bit ago about adding the money to that.
Baselle, I know nothing about Roths and am trying to figure out just where to start in investing. Still looking into the solo(401)k idea but where does one start a Roth?
November 29th, 2009 at 02:53 am 1259463217
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November 29th, 2009 at 04:08 am 1259467709
You have the container, you have the money which gets put into the container, then you have where you want the money to go. That's where your individual stocks, individual bonds, stock mutual funds, bond mutual funds, 'balanced' (some stock, some bond) mutual funds, index funds come in.
November 29th, 2009 at 04:19 am 1259468384
November 29th, 2009 at 04:37 am 1259469422