Comments on: Financial Outlook – Summary of Spending and 401k Allocation (Jan & Feb ’05) http://www.bargaineering.com/articles/financial-outlook-summary-of-spending-january-february-401k-2005.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: jim http://www.bargaineering.com/articles/financial-outlook-summary-of-spending-january-february-401k-2005.html/comment-page-1#comment-1048 jim Mon, 19 Sep 2005 15:08:39 +0000 http://www.bargaineering.com/articles/financial-outlook-summary-of-spending.html#comment-1048 soe, An excellent point and when I learned about the allowance practices of a few other personal finance bloggers (<a href="http://www.bargaineering.com/articles/pf-bloggers-allowance-policies.html" rel="nofollow">link</a>) I was pleasantly surprised. Charitable giving is something that should be part of everyone's life and should be instilled at an early age. It's also important to recognize that you don't take your bank account to the grave. soe,
An excellent point and when I learned about the allowance practices of a few other personal finance bloggers (link) I was pleasantly surprised. Charitable giving is something that should be part of everyone’s life and should be instilled at an early age. It’s also important to recognize that you don’t take your bank account to the grave.

]]> By: soe http://www.bargaineering.com/articles/financial-outlook-summary-of-spending-january-february-401k-2005.html/comment-page-1#comment-1047 soe Mon, 19 Sep 2005 14:39:21 +0000 http://www.bargaineering.com/articles/financial-outlook-summary-of-spending.html#comment-1047 Jim, Found out about your blog via the NY Times article. Had a thought about your budget category dilemma when you gave the Cancer Society donation...why not have a budget category for "Giving"? You are a frugal person and are wisely investing your savings. But perhaps you would end up more fulfilled in life if you were also passing on some of your finances to worthy causes on a regular basis. My husband and I are committed to a lot of the savings principles you seem to share, but long ago we began giving at least 10% of our income to our church or other charities. We do it out of gratitude to God for what he has given us, but I believe it is a good practice for everyone to give out of what they have been given. I have never heard of ANYONE who has had the practice of giving 10% or more (known as "tithing" in Christian circles) who has ever regretted it. To the contrary, I have heard many stories about how far the remaining 90% has stretched. You have seen that you can "live on less" while contributing to your savings. Why not also experiment with asking God if there are things outside of yourself that you are meant to contribute to on a regular basis? That's my 2 cents as to the Big Picture of your financial life... Keep up the good work! soe Jim,

Found out about your blog via the NY Times article.

Had a thought about your budget category dilemma when you gave the Cancer Society donation…why not have a budget category for “Giving”? You are a frugal person and are wisely investing your savings. But perhaps you would end up more fulfilled in life if you were also passing on some of your finances to worthy causes on a regular basis.

My husband and I are committed to a lot of the savings principles you seem to share, but long ago we began giving at least 10% of our income to our church or other charities. We do it out of gratitude to God for what he has given us, but I believe it is a good practice for everyone to give out of what they have been given. I have never heard of ANYONE who has had the practice of giving 10% or more (known as “tithing” in Christian circles) who has ever regretted it. To the contrary, I have heard many stories about how far the remaining 90% has stretched. You have seen that you can “live on less” while contributing to your savings. Why not also experiment with asking God if there are things outside of yourself that you are meant to contribute to on a regular basis?

That’s my 2 cents as to the Big Picture of your financial life…

Keep up the good work!
soe

]]> By: jim http://www.bargaineering.com/articles/financial-outlook-summary-of-spending-january-february-401k-2005.html/comment-page-1#comment-82 jim Wed, 16 Mar 2005 21:14:41 +0000 http://www.bargaineering.com/articles/financial-outlook-summary-of-spending.html#comment-82 TC, Thanks for the comments. My Roth's maxxed out too. :) My 401K isn't maxxed (but close), but I find that it's easier to put a higher percentage at the beginning of the year and pare it back if I find that I've been "lucky" with regard to bad money situations. TC,
Thanks for the comments. My Roth’s maxxed out too. :)

My 401K isn’t maxxed (but close), but I find that it’s easier to put a higher percentage at the beginning of the year and pare it back if I find that I’ve been “lucky” with regard to bad money situations.

]]> By: TC http://www.bargaineering.com/articles/financial-outlook-summary-of-spending-january-february-401k-2005.html/comment-page-1#comment-81 TC Wed, 16 Mar 2005 18:42:51 +0000 http://www.bargaineering.com/articles/financial-outlook-summary-of-spending.html#comment-81 Aggressive is the only way to invest with regard to your 401K. My comment relates to your amount of savings going into your 410k. Yes, everyone says you should max out your 401k, however does it make sense to put all that money into an account that you will eventually have to pay taxes on? A theory that I believe in as strongly as I believe in the Easter Bunny (he IS REAL people) is Roth IRAs. I would be more focused on maxing out your Roth (or establishing one like yesterday) rather then your 401k. If you can do both then more power to you, if you have to sacrifice your 401K to do so then do it. But these are just my thoughts.... TC Aggressive is the only way to invest with regard to your 401K.

My comment relates to your amount of savings going into your 410k. Yes, everyone says you should max out your 401k, however does it make sense to put all that money into an account that you will eventually have to pay taxes on?

A theory that I believe in as strongly as I believe in the Easter Bunny (he IS REAL people) is Roth IRAs. I would be more focused on maxing out your Roth (or establishing one like yesterday) rather then your 401k. If you can do both then more power to you, if you have to sacrifice your 401K to do so then do it.
But these are just my thoughts….

TC

]]> By: jim http://www.bargaineering.com/articles/financial-outlook-summary-of-spending-january-february-401k-2005.html/comment-page-1#comment-80 jim Tue, 15 Mar 2005 14:32:23 +0000 http://www.bargaineering.com/articles/financial-outlook-summary-of-spending.html#comment-80 I knew you'd overreact. :) I knew you’d overreact. :)

]]> By: JLP http://www.bargaineering.com/articles/financial-outlook-summary-of-spending-january-february-401k-2005.html/comment-page-1#comment-79 JLP Tue, 15 Mar 2005 04:45:00 +0000 http://www.bargaineering.com/articles/financial-outlook-summary-of-spending.html#comment-79 HOLY COW that is a lot in Emerging Markets! JLP HOLY COW that is a lot in Emerging Markets!

JLP

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