Upped the 401k deduction

[Mr Dumpster Stache]

I took the plunge and upped my 401k deduction to a level that, if left for a full year, would get me to the legal max for 401k! Not sure if I can get by on what's left or not once my second job is over in the fall, but maybe I can be motivated to find other ways to make $ if needed.

I also have my employee stock deduction maxed out. That puts me at 50% saving rate on my primary job!

[dandarc]

Nice!

Are you selling your employer's stock as soon as eligible?  If so, great - taking essentially free money is good.  If not, you're weighting heavily on that one company - not only the stock, but your income is dependent on the one company too.  So tread carefully.

[redcedar]

You can definitely find the motivation to cut money elsewhere if and when it happens. Congrats!!

[Mr Dumpster Stache]

Nice!

Are you selling your employer's stock as soon as eligible?  If so, great - taking essentially free money is good.  If not, you're weighting heavily on that one company - not only the stock, but your income is dependent on the one company too.  So tread carefully.

Yup! We get a 15% discount and can sell immediately. I see it as basically a 15% raise (on 20% of my wage.)

[thisisjeopardy]

Congrats! I just did the same exact thing.. wife is on board as well for hers.