aggie028 said:
Why would you do any kind of savings ahead of the 15% guarabtee? Unless you are referring to 401k up to company match, I'm not sure that makes sense.
Mainly because a large majority of the other savings we do right now since my wife at home with the kids is taking care of the stuff needed for the house since we don't escrow (taxes, house/car insurance, HOA, general/future maintenance, etc). Doing what you're stating is probably a smarter way to save for this, but my personality doesn't allow it. I could not get comfortable buying company stock (even with a 15% instant return) when there is a due date on a large bill at the end of the year that I'm not contributing to. We're also working on paying off our house early. Again, probably not the wisest financial decision, but our personalities allow us to justify the potential loss of earnings as the cost of having peace of mind. We also add money to our Roths each month, but it looks like that may come to an end and we'll use this as a way to fund them in the future. This is my first job at a public company. so having a stock purchase program is new to us. Once my wife is back at work, I'll look at possibly increasing the amount.