Are you still able to save some for retirement? I know it's important to have a good retirement savings....so I wonder if I can make it work with one paycheck, plus save? Have any of you put that on hold for a while?
My DH contributes a fair amount to his 401K...I rolled over my 401K from my old job into an IRA. We're not contributing anything at this moment, but I hope to be able to start up contributions when our car is paid off in October. Retirement savings is a priority to us - you can't finance your retirement, and we don't want to be working when we're 70!
I stopped contributing when DH got laid off. At this point, I want my money more liquid because it is uncertain as to when he'll go back. Once he goes back to work, I will contribute to my IRA (former 401K) and some other investments that I had prior to marriage.
No, we haven't put that on hold. I myself do not save since I don't earn an income, but we are saving and investing in our future. We are actually working towards early retirement. That is a big priority for us. It takes some sacrifice right now, but our needs are met, we're comfortable and we just make it work because we know what our goals are.
Ava Caroline 8.27.07 I Charlotte Grace 5.18.09 I Lila Katherine 1.20.11
Re: One more question.....SAHMs
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Right now we just put extra money into 401K and savings. Some month it is more than others.