My employer matches 5% of my gross pay, so a total of 10% - I'm pretty pleased that I'm finally putting 10% away (even if 5% of it is from my employer). Two years after the plan starts, it will be vested - which means no matter what happens with my employment, I have 100% rights to my company's contriubtions on my behalf. If I leave any sooner (for whatever reason) - my company will keep it's share.
While all of this is fantasitc - it puts a bit of a hitch in my pay, and the budget that I posted yesterday. My take home pay is going from about $1450/bi-weekly to $1320/bi-weekly - a take home reduction of $260/month. Now, don't get me wrong, I've been wanting this for a long time, it just means some re-planning.
We do have about that mutch in the wedding fund - and as the c/c bill is mostly my ring anyways - I'm thinking I may pull money from there to cover the overage.
I know that we could fiddle with some of the planned spending/savings - but everything is automated, so it would be a big pain to have to stop all payments and then restart them again.
What do you think?
I think that it's never a good idea for people to put the name of their employer on their blog ... even if you don't say anything negative (which you didn't), it's still not a good idea.
ReplyDeleteThat's a bigger drop than I would have expected, given that its before tax money. But if you are pulling from HF anyway, I would just adjust my auto transfer for one month down by the $200
ReplyDelete@ Anon - Thank you for catching that!! I've removed it right away. I must have been more tired than I thought this morning. It's the first time I've done that :(
ReplyDelete@ Mom - yea... me too - but we'll figure it out. I may just do that...adjust the auto transfer instead of transfering money over.