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Weekly Discussion: 2 October 2023
(lemmy.world)
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
Flow Charts:
Personal Income Spending Flow Chart (US)
Personal Income Spending Flow Chart (Canada)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
/c/PersonalFinance@lemmy.world
/c/PersonalFinanceCanada@lemmy.ca
For others, be careful because many employer sponsored plans don't allow new contributions to the 401k while there's a loan. You don't want to lose that tax advantage space.
But if your plan allows contributions while repaying the loan, I think it's a reasonable option.