Pay ALL your debt off by Xmas 2014!

amr547

honestly, i'm 23, i'm not thinking about retirement yet. and lets face it by the time i get to retirement age...well there probably wont be a retirement age!

Ruthy1604

amr547 wrote: »

honestly, i'm 23, i'm not thinking about retirement yet. and lets face it by the time i get to retirement age...well there probably wont be a retirement age!

Yes but if you haven't saved anything for your retirement, you might not be able to retire :eek: I can't imagine still working at 68 so I'm putting money into my pension pot as much as I can. I see it as a free pay rise as my employer adds to the pot.

I really wish I'd started when I was younger

Pay day today for me so I need to jig my accounts and make some payments.

amr547

that's true, but every £10 could go on a debt repayment! my employer "only" pays in 1% of my salary so it wont be alot.

Raggydoll85

amr547 wrote: »

honestly, i'm 23, i'm not thinking about retirement yet. and lets face it by the time i get to retirement age...well there probably wont be a retirement age!

Id start ASAP. Im 28 and only just started in the work pension. but i wish i had done it sooner...

because they match it it is like a little extra for when you are older that hasnt cost you anything...

Raggydoll85

#022 £155.88/£4363.58

small payment again for me

amr547

im just not convinced of the benefits.. plus, how do i know the pension scheme they're using is going to be here still in 40-odd years time??? ever the optimist lol

GingerFurball_2

Personally I think you're mental to turn down free money from your employer. Then again, I have the luxury of being in a scheme that costs me 5% of my salary, yet my employer contributes 13%.

GingerFurball_2

Another £102.78 chucked onto the credit card tonight, taking my total debt below £4,000 and leaving me over £1,000 under my credit limit!

minicooper272

amr547 wrote: »

honestly, i'm 23, i'm not thinking about retirement yet. and lets face it by the time i get to retirement age...well there probably wont be a retirement age!

You're never too young to start a pension fund. I started paying just 1% into mine at 22. It only cost me £10ish a month. I up it a little bit every time I get a pay rise, and will probably peak at 5-7%. Plus you don't have to use your works pension fund - pick your own and your employer will still have to pay into it!

Cornkin

#104 845 / 7660 - 11% there!!!