12-30-2006, 05:20 PM
Owning a home is important, too. Better to deduct morgage interest from your taxes than throwing it away on rent. You're still saving for something important either way.
If I were in your shoes, you'd be yelling at me, "Hey gimme back my (&$#@*ing shoes!"
Seriously, though, I would put enough in the 401k to get all the match and put whatever else I could afford into the down payment fund for the house. You do not want to pay PMI, so get 10 percent. As soon as you buy the house, put the extra in the 401k. You may be "house poor" for a while, but you will benefit in the long run.
If I were in your shoes, you'd be yelling at me, "Hey gimme back my (&$#@*ing shoes!"
Seriously, though, I would put enough in the 401k to get all the match and put whatever else I could afford into the down payment fund for the house. You do not want to pay PMI, so get 10 percent. As soon as you buy the house, put the extra in the 401k. You may be "house poor" for a while, but you will benefit in the long run.