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Trying it out

February 7th, 2005 at 06:23 pm

Well here it goes. I think it'll be interesting to see what I write here as time goes on.

For starters, I'm a single woman, living by myself and about to turn 25. I just purchased a townhouse about 8 months ago. I moved from a much smaller city and cheaper cost of living to the Chicago area. It's been a little bit of challenge saving. Other than the mortgage, I haven't accrued any more debt (I always pay my bills in full). I do have some student loans which will take another 8 years to pay off. I also borrowed from my parents to make the down payment on my place. So I've got that to pay back. It's killing my that I'll have debt for the next 30 years. I hate it, even though it's not cc or a car loan.

I'm investing in a Roth IRA now. I have been for the past 5ish years. That's also killing me that I want to, but can't seem to put the max into my Roth. Part of my problem is that I see how much interest I can save on mortgage vs immediately putting it in a Roth.

That sums up a lot of my financial history. Right now my goal is to max out my Roth (and 401k when I'm eligible), while whittling away at the other 3 loans I have.

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