but we are only in our early 20's and are planning on looking into a retirement plan soon.

So is mine! I still have a 401K from my old FT job, but I haven't added to it since I left. My DH does have retirement savings deducted from his paycheck. So we have been saving, but I know in my case that it's not enough.

DH has a 401K through work, which he contributes the max and has a company match. I also have a 401K from when I used to work.

I have both Traditional and ROTH IRAs also, but I've been lax in adding to them since I became a SAHM 8 years ago. I will really need that "catch-up" phase in a few years when I turn 50, provided the IRS will still allow it by then.

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SAHM of 4

August food budget (groceries/take-out): $500.00/$75.00
Total spent: $238.97/$14.12

July budget/spent: $500.00/$650.00

We couldn't retire today, but we're young yet (I'm 23, dh 26). We have been investing for years, though, and have a very good retirement plan. We may spend our free money frivolously at times but at least we are on top of this retirement thing.

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~Vicki~
Mama to Hailey, 4 and Ella, 2

We to invest in DH's 401K and I invested when I was working. We don't do quite as much as we would like to still with his Employer match and profit sharing we get a lot more invested then just the pay role deduction. We need to increase the amount again but really want to focus on consumer debt first

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Kimberly Proud Mommy to Bethany Rose April 2006