<prompt> Human: I just recently started a job making 25k a year. i just got the paperwork for the 401k options, not sure how to make sense of it. may contribute 1-50 of eligible earningscompany match of 40 paid on employee contributions up to 6 of pay, payable to employees following the end of yearThe other issue i have is i want to contribute as much as possible but not sure where that line is. Currently my biweekly pay is a little over 1k, i dont have any car payments CC debt student loan debt. currently living at home so dont have to worry about rent. my only monthly expenses are car insurance 70 gym - 20 Netflix - 11Spotify 5gas 60junk food 40burn rate of about 175mo leaving me with 825mo free to invest currently have 4k in savings not sure if i should throw 2 into 401k after i open it. if i contribute the full 18.5k will my taxable income only be 6.5k? i feel like thats not right, if it is that would be covered under the standard deduction? if i contributed the most i could untill the end of the tax year how much would my employer contribute? - would a roth be better? is it dumb to contribute this much - should i be putting the money elsewhere? Thanks for the help.  <response>: Id contribute 6, up until they match. Try to find a path to a higher income and live within your means. 25k is something to build off of, try to keep on moving up. 