Tuesday, March 16, 2010

Upped My 401k Contributions...

So I went online and changed my federal witholdings from 2 to 3 and I upped my 401k contributions back to 5%. The changes won't show up until my paycheck at the end of April since I only get paid once a month. That will give me at least 2 months of 401k contributions before the rest of loans go into repayment. That's $1,400 in contributions to my 401k in 2 months!!!

I will find out about the raise by the end of the month. If I get a raise, I believe I will be able to keep my contributions at 5%.

4 comments:

YBP said...

go you!!! You are doing big things!!!

Chitown said...

Thanks YPB!!!

Anonymous said...

have you checked on your property value recently? is it truly still 165k?

Chitown said...

Anon,

I honestly think my house is worth what someone will pay for it. That's how the Condo market is in Chicago and the surrounding suburbs especially since it's not FHA approved.

I got my condo appraised in November 2008 and that was the appraised value. I do not plan to sell it in the near future so I am keeping the value stagnant for the time being.

Thanks for your question!!!