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Are you more of a saver or a spender?

A

Anarchist420

Diamond Member
I'm probably in between; I have a decent amount of silver that I'm saving, but I'm probably not going to buy anymore unless I can get a good discount.

My mom is more of a spender, while my dad is more of a saver. However, my mom's spending of my dad's money supercedes his saving (except for food where my dad likes to spend money on food and my mom spends less money on food). As a result, one of my mother's brothers who is very frugal but never had a college degree now has a little over 2 million saved, not including his house and everything in it. He's 7 years younger than my parents, my dad's a physician, and they barely have even have 2/3 saved up of what my mother's brother has saved up. My grandfather was very frugal and my grandmother was kind of frugal too. However, when you have access to a lot of cheap credit like my parents do, then you spend it all and you can take advantage of your creditors by owing a shitload of money for a long amount of time (the house and cars haven't been paid off early). Cheap credit helps doctors' spouses with low self control, so that's why I think that cheap credit hurts the poor and it helps the debtors, including the banks who are really indebted to their depositors.
 
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money goes into my 401k every check. other than that, not much is being saved. Lots of little things being done to the house and having 3 kids eats up cash fast.
 
IceBergSLiM said:
whats real money
Click to expand...

I'd imagine he's considering legal tender as "real money." You can't go to the grocery store and pay in a chunk of silver.

Either way, I'm not sure why someone cares whether someone else is banking on a commodity or not. It's not my cup of tea, but it might be someone else's.

Spender? I spend money. Saver? I save a good chunk of change.

Priorities are:
1) Retirement
- All planned out, contributing a good amount and, assuming 6% growth and 3.26% inflation and no Social Security, will still retired without worry
2) Emergency Savings
- Reach a certain point of savings, I like to increase it a little each year for added insurance
3) Spend on whatever
- Enough left over to buy most things that I/we want.

Don't have kids at the moment, so that certainly helps make it to #3 with plenty left over.
 
I'm in between as well. I like to save but if I see something I want, I'll buy it (even if I don't need it). I spend a good amount of $ of video games and eating out.
 
Saver generally. If I want something I'll try to save up for it via my measly self-imposed 'allowance' lol.
 
In between, leaning on the side of "spender". I believe money is meant to be spent, and my buying philosophy is "buy quality, use forever". I keep a decent cushion of savings just in case, and I'll certainly save up for something I want if necessary, but beyond that I see money as nothing more than colored cotton until it's used to obtain a tangible investment.

My guns are actually a perfect example. My home defense gun is a $1000 1911 and my concealed carry is a $600 .380. There are many cheaper guns out there that would do the same job well enough, but I wanted the highest quality I could get short of getting into frills that don't really impact real-world performance; and I intend to keep both guns for the rest of my life. Likewise my Oakley sunglasses were $250. I intend to use them for at least 10 years. Almost everything I buy is done from the standpoint of a long-term investment. If it's cheap, great, but I want it to last and perform as long as possible.
 
I think I strike a pretty good balance. Every now and then I'll go on a shopping "spree" then chill out for a while.
 
Corporate Thug said:
I'm in between as well. I like to save but if I see something I want, I'll buy it (even if I don't need it). I spend a good amount of $ of video games and eating out.
Click to expand...

Eating out is my largest expense. Next largest non-essential expense is Home Depot - lots of little home improvement projects and tools. Next up is a snowblower (4 snowfalls of 12"+ last year, one of which was 25". I will never shoveling again...).
 
My natural tendencies for hoarding and lazy procrastination tends to push me toward saving.




irishScott said:
In between, leaning on the side of "spender". I believe money is meant to be spent, and my buying philosophy is "buy quality, use forever". I keep a decent cushion of savings just in case, and I'll certainly save up for something I want if necessary, but beyond that I see money as nothing more than colored cotton until it's used to obtain a tangible investment.

My guns are actually a perfect example. My home defense gun is a $1000 1911 and my concealed carry is a $600 .380. There are many cheaper guns out there that would do the same job well enough, but I wanted the highest quality I could get short of getting into frills that don't really impact real-world performance; and I intend to keep both guns for the rest of my life. Likewise my Oakley sunglasses were $250. I intend to use them for at least 10 years. Almost everything I buy is done from the standpoint of a long-term investment. If it's cheap, great, but I want it to last and perform as long as possible.
Click to expand...
Unfortunately, the trick sometimes is finding things that are expensive because they're built well, not because a) The brand name allows them to charge a premium for poorly-made junk, or b) Charge based entirely on perception because it looks like it's made well, but it's all lousy workmanship underneath. For example, you get fun stuff that's labeled "Stainless steel!," which raises the perceived value, but then find out that some of the fasteners are made of plain steel, so the assembly can't really be exposed to moisture. Or else it turns out to be made out of an alloy that contains the barest minimum amount of chromium that'll still allow it to be called "stainless steel," so it still corrodes if it ever ventures somewhere more humid than an Arizona desert.
 
GotIssues said:
I'd imagine he's considering legal tender as "real money." You can't go to the grocery store and pay in a chunk of silver.

Either way, I'm not sure why someone cares whether someone else is banking on a commodity or not. It's not my cup of tea, but it might be someone else's.

Spender? I spend money. Saver? I save a good chunk of change.

Priorities are:
1) Retirement
- All planned out, contributing a good amount and, assuming 6% growth and 3.26% inflation and no Social Security, will still retired without worry
2) Emergency Savings
- Reach a certain point of savings, I like to increase it a little each year for added insurance
3) Spend on whatever
- Enough left over to buy most things that I/we want.

Don't have kids at the moment, so that certainly helps make it to #3 with plenty left over.
Click to expand...

you can absolutely pay in silver, it is the merchant's choice whether to accept it or not. APMEX recently paid(to Trump) for their new office lease in bullion.
 
GotIssues said:
I'd imagine he's considering legal tender as "real money." You can't go to the grocery store and pay in a chunk of silver.
Click to expand...
This.

Either way, I'm not sure why someone cares whether someone else is banking on a commodity or not. It's not my cup of tea, but it might be someone else's.

...
Click to expand...
Well, you could buy $500 worth of silver today and find out tomorrow that it is now only worth $400. That's not saving, that's investing. $500 US will always be 500 almighty American dollars.
 
IceBergSLiM said:
you can absolutely pay in silver, it is the merchant's choice whether to accept it or not. APMEX recently paid(to Trump) for their new office lease in bullion.
Click to expand...

There is a difference between paying Trump and going to your local Walmart and dropping some bullion on the counter.

By the standards you are using (which is: If anyone somewhere in the world is willing to accept it), you could pay in literally anything... if you find the right people. However, the standard to which I am referring is the standard form of payment for general goods and services that is accepted at most (if not all) American retail outlets.

Stop being diliberately dense. You knew exactly what I was saying, you just wanted to be contradictory.
 
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