Author Topic: [USA] Priorities: What should I spend on?  (Read 458 times)

Offline Alex

[USA] Priorities: What should I spend on?
« on: October 24, 2016, 04:56:33 PM »
Hello everyone,

I am sharing one of my favorite visualizations of how to put your money to work. It's from the reddit.com/r/personalfinance wiki.

This is after you budget your normal stuff like rent, food, vacation, etc, and also after you build up a Financier month buffer (you're assigning all of your income to the next month).

Here is a slightly more complex version of this visualization.
I am the Financier owner/admin/coder dude.

Offline Joel

Re: [USA] Priorities: What should I spend on?
« Reply #1 on: October 24, 2016, 05:14:42 PM »
I would put the Company match in your 401k ahead of an emergency fund.
Biking and budgeting my way to early retirement!

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Offline Alex

Re: [USA] Priorities: What should I spend on?
« Reply #2 on: October 24, 2016, 06:58:58 PM »
A lot of people consider an emergency more important to have readily available, and thus more important than the match.

But you're right to a certain extent. I would prioritize a smaller emergency fund, or even just a Financier buffer, before the match, and then 401k match, and then the rest of the emergency fund.

Totally depends on the situation though. It is free money. :)
I am the Financier owner/admin/coder dude.