I am taking the Dave Ramsey approach to debt snowball, which is great and all, but higher rate of return on 401k AND taking care of this at the same time seems like something I can manage. Obviously debt is the major concern, but it is only at 5%. I should be able to take on both and still manage a profitable longterm profit higher than if I started after the debt was gone, right?
This felt really weird to do, but I just increased my 401k percentage to 30%
My medical costs are $0 right now as I have been fortunate enough to be healthy. I try to eat well and exercise too and I think that also helps.
My 401k change wont take effect for a couple paychecks and as long as I am still able to manage increasing my rate of debt reduction, then I will continue to increase it until max, then push the rest into my HSA and a business idea that has $10k startup(longterm savings). 401k at max right now seems logical, but since I have that debt, I need to take care of that too.
I drive once a month to visit family out of town, who live 20 miles and several hours away respectively. I would like to eventually sell my vehicle, and I'm trying to use it less and less. Also, I am basing that figure over the average last 6 months.