Ok…my truck is paid for !!..that’s $280.00 I now have extra each month! My question is, what would be the best place to put/invest this money? I have a 401k which my company matches .25 for every dollar. I was thinking of putting the whole sum in there each month. Does Anyone have any better ideas?
Give it to me?
There’s a lot of places you could throw that money. Mutual funds and an IRA come to mind. But, a 401k is defintely a safe investment. It’s not the same with all companies, but with my company it’s safe to assume that my money will double every 7 years. As long as you leave it alone, you’ll be alright. I would talk to an investment counseler. They can probably help you with more than just that $280.
If you have any credit card debt pay that off.
Good call, Tretiak (dare I say, "Nice save?). Get rid of that stinking credit card debt first, if you have any.
Putting more $$ into a 401k is never a bad idea, esp. if you haven’t been doing so already. The thing with 401k’s though is you can’t touch the $$ til your 59 1/2 yrs old (at least not w/o some substantial penalties), so if you are looking to use that casah in a few years (say, to buy a house), you can’t get at it. You could put 1/2 into your 401, and put the other 1/2 into a no-load mutual fund (stay away from the internet ones 
). That way, in 5 years or so you’d have a nice down payment saved up. In the end, a good fin planner can probably help you the most.
good luck