I have some debt that I’m paying off. Should I still do my employer 401k match or focus on paying off the debt first?

like
Posting as :
works at
You are currently posting as works at
Post Photo
like

That’s up to you. 3 to 6 months is standard, but I aim for as many months as my longest unemployment stretch.


Your emergency is to cover emergency that would put you in financial jeopardy or cause you to tap into retirement funds.

Job loss, prolonged unemployment, and nails in tires count as emergencies.

like

Silly question: how do you manage the scaffold timing? Stop auto pay? I’m just trying to really think through how to make all this deposits / transfers work efficiently.

Related Posts

like

Any REIT ETFs that people like?

like

Come from a no money family & limited financial savvy. What’s an easy way to open and manage a personal investment fund so my savings makes me more money, similar to my Roth 401k. Thanks in advance!

like
like

Debating between a few travel cards and need some opinions. Debating between Capital One Venture, Venture X and Amex Green card.

Live in a non major city with an international airport, but need to be flexible to different airlines. Which of those cards, or other cards out there, would be best

Hey guys, Can anyone please tell me if there is any restrictions on SPI in mutual funds in MS for employees.

like

Mutual funds you have your eye on right now?

like

Can anyone share amex Bangalore location?

like

What other cards to add to my collection? I have AmEx Platinum and Chase Sapphire Reserve. Fly Delta so AmEx is handy for lounges. Use Sapphire for dining/travel. Should I add Chase Freedom Unlimited?

like

Looking to invest money with a Schwab brokerage to save for a down payment on a home. What ETFs should I invest in?

like
like

Use savings to (partially) pay for business school or invest and fully cover via loans?

like

Question for Sales leaders who’ve said “I did an analysis and concluded we just need more at bats”.

Does it feel like you’re saying something useful? Or are you also writing a book titled “In order to get rich you just need more money”?

likefunny

Hey All,
I am going to get married in September.
My office is in Yemlur and my fiance's office is at EPIP zone. Which is the best place to live and which platform to look after the house
Budget - 25k
Kindly help out

like

People worrying today should read books on trading psychology! Not being patronizing- it will help you in the future, not just for investments but for doing better in life!

like

I’m a Canadian on a TN visa. Am I allowed to trade crypto on Robinhood? If so, can I trade the same coin multiple times in one day (day trading)? What tax implications would this have for me other than the standard capital gains considerations?

like

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

like

(Explain like I’m stupid, because I am, but be nice) Refinancing a construction loan to a standard mortgage loan. Borrower and lender entities not changing. Current UCC-1 filed securing “all assets of debtor” in 2019. Why is it necessary to file a new UCC-1 at closing securing the exact same collateral?

like

How much money do you make and have in your checking and savings? // how many years have you been working post college...

like

Hi Fishes,
Had a very serious query. In my current organization I was not under taxable bracket by any means so I didn't submit any investment declarations or anything. But I'll start a new job in 2 weeks where I'll be under taxable bracket. So will I get a chance to submit my investment declarations in the new company for tds calculations in the middle of the year ? I'm new to everything so would appreciate your help. TIA :)

like

More Posts

Morning everyone! Does anyone have insight into what a nontechnical senior manager base salary should be at Apple with 10 YOE (based in either Austin or Cali). I’ve tried looking at the salary sites many suggested on this site but am not finding much for non technical roles. Thanks!

like

FTI Senior Director base + bonus in NYC?

like

Looking to apply to manager positions at S& and ATK, 7 YOE strategy consulting at a boutique with top 10 MBA , just curious what is rough range for comp? Thanks

like

Just received a formal offer from Deloitte Consulting as a SC in Strategy & Analytics. Base is $125K, no sign-on bonus. This isn’t much of an increase from what I’m making now. Haven’t reached out to negotiate yet and the recruiter has been pretty quick on the phone so far. I’m coming from a smaller firm, 8 YOE, mainly data analytics and cloud. Any insight or tips how to navigate for increased base?

like
like

Is it too much to ask a home health company for someone to shadow/orient? I was just hired PRN and that was something I asked for during the hiring process and the recruiter agreed. Never heard back and it’s been several weeks yet keep getting texts from the schedule if office to see patients. Is this typical for home health or a red flag? I have only worked in SNF and acute so I am new to HH plus this company specializes in lymphedema therapy. I am a CLT but want just a little but of training.

Eyeing an open spot as a Senior Manager GPS Contracts DOD Sub-Sector Lead. What would be the anticipated compensation (base + bonus%?) for this role? I imagine it’s an internal (non-client facing) role within the larger GPS division. Currently have 14+YOE of specialized DOD contracting experience to include supervisory experience. TIA

like

Hi Sharks,

I have 2.5 years of experience after completing MBA and want to get into consulting. If someone can please give me referral in IBM, it would be incredibly helpful.

like

What are the opportunities in DI or D USI for Semi Qualified CA in Risk advisory or Internal Audit department? Also what is the range of pay scale. Please suggest whether I should apply for the job in deloitte?

like

My fiancé will NOT stop talking about her ex. After I found out they were texting arguing she justified it by saying it was about the dogs and not them. Even though Her social media is full of his pics. She still sends him $50 a month for dog food, still goes to work right by his place and suspiciously needs keys. I try to bring it up and I get dismantled for being too mean and making “false accusations.” How much more obvious can it be?

like

I work 2 part-time jobs. I just requested a pay raise at my ABA job which they approved on by 10%. My other job is in Mental Health has a flat rate with no chance to request a raise, turns out I'm not required to work the full 20hrs/Week meaning that when there's no work to complete I won't be getting paid. I've only been here 8months & want to leave as I need the money. Should I start looking elsewhere even if I haven't been here for a year?

like

Hello! I’m looking for study materials for the PHR. Does anyone have recommendations for cost effective resources or perhaps willing to part with your study materials?

like

9th September onwards, so called the grand programme for the next 3 Fridays for completion of 150 years!
Question to Leadership!
1. You are calling all the employees in the office & just providing lunch? That's all for completing 150 years?
2. You would ask questions, and whoever is able to answer it, you will give some merchandise only to them?, And the other people are not your employees?
Why are you even organizing it? You think people would come from far places just for lunch?

likeuplifting

Come from a no money family & limited financial savvy. What’s an easy way to open and manage a personal investment fund so my savings makes me more money, similar to my Roth 401k. Thanks in advance!

like

OKR’s for a consulting firm. Will it work compared to product companies?

I found out that I can make more money starting, buying and running businesses than I can in law. Plus I'm home at 6pm every night. Did anyone find that out?

likeuplifting

Fujifilm xt30 vs Nikon z50 ??

Hello

What is notice period for EY GDS? (60/90 days)

like

Hello all,
Which company between techm cerium systems and synapse design and excelmax technology is good in terms of
1. Good projects
2. Work life balance
3. Onsite opportunities
4. Work from home option

Additional Posts in Personal Finance Bowl

Have about 5k to invest - should I do FXAIX or FSKAX?

like

I racked up about $20k in credit card debt due to a confluence of things happening at once (move, school expenses , etc ). I have a fair amount of paper assets but not a much free cash. Assets are down a decent amount with the current market cycle and I’d prefer not to sell them to cover the debt , although they easily could. Any suggestions how to handle the credit card debt without racking up tons of ongoing card interest?

like

24 yr old, 110k TC, maxing out Roth IRA and Roth 401k, no debt or large expenses. Also have ~35k sitting in a bank account. What should I do with that money?? Am I better just sitting on it for a while then watching it shrivel up in my brokerage account?

like

Under contract for nearly 1.1M. Wife and I are at HHI $315k. Will go up in the future, $400k in 3 years and $500k possible in 5-7 years. We have $300k in non-retirement funds, $260k of which will go towards acquiring the house. We have 2 kids and will probably reduce (not maxing) retirement accounts next 18 months to do this. Anyone have any thoughts or feedback? We’ll have to live on a budget and watch but I feel we’ll get used to it and income will grow.

like

I'm a long time user of mvelopes budgeting software, and we just got a notice that they're shutting the platform down at the end of the year.

Looking for a recommendation for an "envelope based" replacement. They suggested Every Dollar, but it doesn't handle credit cards well.

like

For those of you that currently pay 30% of gross income towards rent, do you still have money to save? I’m moving to NYC and am used to paying only 15%. Pay is now 125k base so I’m looking for apartments around 2800-3k

like

Debating between a few travel cards and need some opinions. Debating between Capital One Venture, Venture X and Amex Green card.

Live in a non major city with an international airport, but need to be flexible to different airlines. Which of those cards, or other cards out there, would be best

Keen to buy first home in Dubai but skeptical given the uncertainty around the global economy albeit high oil prices which is a positive for the region. What are people thinking? Anyone here from middle east?

like

accountant said he needs my IRS pin to e-file. Can anyone confirm this is legit?

like

Vanguard Digital Advisor ( 4 ETFs, 0.15% fee) vs HSBC Financial Advisor (15-20 funds, 1.5% fee) which one to go for nest egg growth 100k starting

Hi - AMEX sign up bonus is higher than ever. DM me if you would like a referral link, I’ll split my bonus with you as well :)

I recently joined a company after being self employed. I’m on hubs’s health insurance. We have no kids. It’s United healthcare. The company offers United as health insurance. What’s the best way to compare plans? I have not been in this situation before so apologies in advance if this is a dumb question.

like

I spent the last 3 months "growing up" & now I'm ready to go. 1st thing is for me to get my own place. I'd like to buy instead of rent because I don't want to pay someone else's mortgage.

I'm thinking of selling my car & cash out some of my 401k to buy a house. My thought is to put down 3.5% for a FHA loan then make a big payment towards the principal to reduce long-term interest.

Anything wrong with this thinking or anything else I should consider?

Tips for refinancing a car I’ve had for 6 months. I’ve paid on time for every month but I’m paying $600/mo on a loan with 15% interest? I owe $25K. Will the original bank, Chrysler Capital, consider it or do I need to find another organization?

like

In your opinion which is the best target fund to choose in IRA Roth?

Paid off my account debt!

like

I have a LOT of credit card debt. It has just grown over time and I can’t find my way out. I’m considering debt consolidation, specifically a company called National Debt Relief which seems legit but I’m just so hesitant because I’m scared to make my situation worse. Or a personal loan to pay off all the CC debt and then have a smaller all in one payment. I’m intelligent and I work in finance, it’s so embarrassing. HELP.

like

Hi! I maxed out my Roth IRA this year.. recently changed jobs and it looks like I may just cross the income limit. What should I do?

I know my contribution but not sure of the dividend earned against this year's contributions. I have had the Roth for a few years now.

like

Invest in roth 401k or traditional 401k and save the difference for a house downpayment?

like

My dad stole my identity a couple
years back and tanked my credit score
- brought it down to like 400. I've
been working towards fixing it so that
my boyfriend and I can buy a house in
the next year or so. This morning, I
checked my score after not looking at
it for a while and I'm in the mid 600s!
Y'all don't know how happy I am
about this lol

uplifting

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal