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www.eInvesting.com Forum Index » Saving Money

Salary Increases Right To Savings...


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keokagal
PostPosted: Tue Feb 22, 2005 5:16 am Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 21 Feb 2005

Posts: 59
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Location: MA
7447.56 e$

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0.00%
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any increase in salary that my husband or i get is always deducted to savings. we've been doing this for a few years and don't miss the raise. of course our children are leaving home so our expenses are dropping too. we need to save fast as we started out making a big debt.
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foxnstocks
PostPosted: Wed Mar 09, 2005 6:51 am Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 10 Feb 2005

Posts: 69
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10983.27 e$

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I agree with this tip. We take any increase in salary and increase the amount to the 401(k). You don't miss it plus you're getting the extra contribution from the employer. Or, stick it in an IRA and get an extra tax break.
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raven3517
PostPosted: Tue Mar 15, 2005 3:22 am Post subject: Reply with quote

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Joined: 07 Mar 2005

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6730.94 e$

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This is a great tip! I'm going to be getting a raise soon, and I've been comfortable on what I am currently making. I think I will put the difference towards my last credit card, and then into savings!

Thanks!
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alicia gist
PostPosted: Tue Mar 15, 2005 5:51 am Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 20 Feb 2005

Posts: 66
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Location: Alabama
8742.70 e$

Net worth: 8,742.70
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I've always done this, but this year our insurance rates when up more than my rasie covered!!!
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trixiezzz
PostPosted: Sun Mar 20, 2005 6:16 pm Post subject: Reply with quote

Investing Manager
Investing Manager

Joined: 11 Feb 2005

Posts: 306
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16271.07 e$

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I think this is a wonderful way to save, because you're already used to living on the old money level. We did this before we bought a house and used all the 'extra' money to save up a downpayment.
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paula0000
PostPosted: Wed Mar 23, 2005 2:43 am Post subject: Reply with quote

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Joined: 19 Feb 2005

Posts: 259
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17485.80 e$

Net worth: 17,485.80
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Trades this month: 0
Churn Rate: 0.00%

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We used this phiolosophy as well. Any extra from a raise we just added to our monthly mortgage payment to pay it down faster.
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