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By (Guest Post)
12/29/2006
I'm extremely frugal, but one problem we've continually have these past few years, is that my husband will get a raise of say .25 per hour, or $10.00 per week. Not much, but still appreciated. Then, at the same time, what he pays on his health insurance will go up $15.00 per week, so we're already living $5.00 per week less than last year. This has happened at least the last 5 years. We're living on less than we were 5 years ago, and utilities and such are going up all the time. Things have always been hand-to-mouth, but I simply do not know what else we can do without. It gets so frustrating. We always seem to get by, but the last time my husband was hospitalized was extremely stressful. It made me realize how easy it could be to lose everything.
By
12/28/2006
Another tip is when you receive your raise each year, increase the amount you are putting into your 401k. Even if you increase just 1% it will show in the end. I work with retirement plans and this is something that our company has started to use in marketing material and educational meeting with employees.
Below you can read previous posts and comments about this topic. The discussions on this page has been archived 1 time. Select a discussion and read the feedback here.
(Archived Dec 28, 2006)If you get a raise, put that money in savings.
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