I'm a self employed electrician. I do pretty well but there are fluctuations to my income and there are no company 401ks (though my wife's job has one). I've always been crappy at budgeting, but I've been getting better, and I wanted to start allocating SOMETHING that would have a return. It was pretty easy to have my auto drafted my mortgage payment take an extra $100 a month and chuck it at my balance. I vaguely remember from a college class that paying a little extra on your house early can have a pretty good impact on your mortgage down the line (we've owned our house for 4 years now). So this was a quick path I took. Now I'm thinking of starting some actual savings (looking ROTH IRA) and I'm wondering if that $100 a month would be better used going there. Before you say it, yes, I should be able to save more a month. Like I said, I'm getting better. Once I take out my last debt I'll be able to save more. Also, I'm relatively new to Reddit (and there for this sub) so I'm sorry in advance if this has been asked like 80 times.
Submitted November 17, 2017 at 07:28AM by Thancrus828 http://ift.tt/2hFpyp1
