Comments on: Since I Didn’t Take Any Vacation Time… http://frugalbabe.com/2008/07/03/since-i-didnt-take-any-vacation-time/ A rich life without a lot of money Sun, 20 May 2012 21:50:00 +0000 hourly 1 By: Kelly http://frugalbabe.com/2008/07/03/since-i-didnt-take-any-vacation-time/#comment-22640 Kelly Sun, 06 Jul 2008 00:24:08 +0000 http://frugalbabe.com/?p=394#comment-22640 That is awesome! When I decided not to return to my job after my maternity leave, I got paid out my vacation time as well. It was a nice little bonus. I am so happy for you to have such a great system worked out. Hopefully I will be there soon! That is awesome! When I decided not to return to my job after my maternity leave, I got paid out my vacation time as well. It was a nice little bonus. I am so happy for you to have such a great system worked out. Hopefully I will be there soon!

]]> By: FrugalBabe http://frugalbabe.com/2008/07/03/since-i-didnt-take-any-vacation-time/#comment-22624 FrugalBabe Fri, 04 Jul 2008 21:52:24 +0000 http://frugalbabe.com/?p=394#comment-22624 Thanks FT! A Roth IRA is a retirement savings plan, but we pay taxes on the money we contribute. Then, when we retire and start withdrawing money, it's all tax free, including the earnings. This is opposed to a traditional IRA, where the contributions are tax-free when you make them, but all the money in the account is taxes when you withdraw it. If you've got a long time for the money to grow, a Roth is generally a better idea, since we never pay taxes on the earnings. It's tough to give up that here-and-now tax deduction that we get with a traditional IRA, which is why we've been dragging our feet on funding the Roth. But now we're on it! :) Thanks FT! A Roth IRA is a retirement savings plan, but we pay taxes on the money we contribute. Then, when we retire and start withdrawing money, it’s all tax free, including the earnings. This is opposed to a traditional IRA, where the contributions are tax-free when you make them, but all the money in the account is taxes when you withdraw it. If you’ve got a long time for the money to grow, a Roth is generally a better idea, since we never pay taxes on the earnings. It’s tough to give up that here-and-now tax deduction that we get with a traditional IRA, which is why we’ve been dragging our feet on funding the Roth. But now we’re on it! :)

]]> By: Frugal Trenches http://frugalbabe.com/2008/07/03/since-i-didnt-take-any-vacation-time/#comment-22607 Frugal Trenches Fri, 04 Jul 2008 18:28:11 +0000 http://frugalbabe.com/?p=394#comment-22607 As we say in England "well done you"!! It reminds me of what Dave Ramsey says "live like no one else so that you can live like no one else". Thank you for the lovely comments on my blog! Glad we "found" each others blogs! I don't know what a Roth IRA is (we don't have that term here) but I wonder if it's like our ISA's which are tax free savings. I adore your sons nappies i.e. cloth diapers! Everyone in my family has used them, even when disposables were the rage, when I was a nanny I always insisted on cloth! Sadly, I think there is a commercialization of cloth nappies in North America - people are now bragging about what brand they use! I'm all for the homemade or hand me down versions! As we say in England “well done you”!!

It reminds me of what Dave Ramsey says “live like no one else so that you can live like no one else”.

Thank you for the lovely comments on my blog! Glad we “found” each others blogs!

I don’t know what a Roth IRA is (we don’t have that term here) but I wonder if it’s like our ISA’s which are tax free savings.

I adore your sons nappies i.e. cloth diapers! Everyone in my family has used them, even when disposables were the rage, when I was a nanny I always insisted on cloth! Sadly, I think there is a commercialization of cloth nappies in North America – people are now bragging about what brand they use! I’m all for the homemade or hand me down versions!

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