Comments on: January Net Worth Update = -$38,182 (up 1.32%)

By: tim

tim — Thu, 08 Feb 2007 21:11:42 +0000

i’d keep funding retirement, too. I would also keep funding an emergency cash fund. the worst thing when trying to get out of debt is to not be able to cover something if an emergency arises. it is tempting to spend it to pay off the debt, but you have to have it.

By: Amillionby40

Amillionby40 — Mon, 05 Feb 2007 22:06:53 +0000

My 2 cents is to continue to fund the new retirement account. This is so important! Especially if there is a match. Congrats on reducing your debt and improving your net worth.

By: Tricia

Tricia — Sun, 04 Feb 2007 21:14:22 +0000

I was going to run more numbers today, but since my laptop is SOL, I can’t. I really have to see if we can support our normal expenses on my salary alone. If we can’t, I will have to stop contributing for now. With recently getting health insurance and life insurance soon on the way, we may not have the “extra” money.

I’ll have to wait for my laptop adapter to arrive to know exactly where we stand.

By: D

Sun, 04 Feb 2007 15:59:37 +0000

From my example and experience, please oh please don’t stop the retirement investments. Keep it going and adjust everything else. Time is the most valuable asset you have. And even these, what seem small amounts, will become your saving grace later.

If it helps think of it like diaper money. Pretend your little man is still in diapers and you are paying for them with each deposit. This should be a required expense.

Okay, time for me to shut up now. I just wish I could go back in time and do this part correctly.