[SilverII]

Originally Posted by MrRoboto

Originally Posted by SilverII
1k to car
20% to 401k
1k to mortgage
1.3k to expenses

Originally Posted by LACSTER
What

I thought the same thing...SilverII, you need to call Dave Ramsey.

did you not see the 20% to 401K? Car is financed at 0.9% & mortgage at 4.75% - I call that cheap money.

I can use my money to make more money (if the market rebounds nicely).

[MrRoboto]

Originally Posted by LACSTER

What

Originally Posted by SilverII

did you not see the 20% to 401K? Car is financed at 0.9% & mortgage at 4.75% - I call that cheap money.

I can use my money to make more money (if the market rebounds nicely).

1k to car
20% to 401k
1k to mortgage
1.3k to expenses

We would need more info to be accurate but if we go by the above and use 20% as our guide assuming 3300 was all of your monthly expenses.

~4100/month take home.
~820 (~20%) 401k.

If this is somewhat accurate, your car is ~25% of your take home pay where it should be closer to 10-15% while the additional ~10% should go to your mortgage.