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Originally Posted by amberbamber
He is contributing 3% and his company matches up to 3%. So, he's getting a total of 6%. We do put money (randomly) into IRA's. But haven't been completely consistent with that.
They will stop next month. For one year and one year only!
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You need to make retirement savings a priority over college savings. Your kids can borrow for college. You can't borrow for retirement. Putting away 3% of income (6% counting the company match) just isn't enough regardless of your age. How old are you both by the way?
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I am paying $270 a month on CC#3 (which only has a $25 min payment). Our goal is to have that paid off by 12-06 then I plan on taking the $270 and adding it to CC#2 plus the min. payment of $157 that we have already been paying.
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The fact that you are able to pay $245/month over the minimum shows that your budget isn't in such bad shape after all. Just be sure to also pay off #1 before the 0% expires.
Do you both really feel that selling the house is necessary? Are you doing that strictly to save money or are there non-financial reasons, too? From what you've posted so far, I'm not sure I see a financial need for you to get out of the house.