do i save too much?

[mugs]

Originally posted by: randal
Grow up and move out. I can't believe ANYBODY is defending somebody who lives with their parents at 23. WTF is wrong with you?

He has no need to live elsewhere... he'd be throwing money down the drain on rent when he could be saving for a mortgage. It's pretty arbitrary to set an age when a person ought to move out of their parents' house.

 

[sswingle]

Originally posted by: radioouman
3 haircuts a month is too much! You can save more money by limiting it to one!

My god I was thinking the same thing. Who the heck has hair that grows fast enough for 3 a month. I get maybe 1 every 2 months.

 

[PaNsyBoy8]

Originally posted by: JLGatsby

Originally posted by: matstars

Originally posted by: iamwiz82
You don't have to stay there. I'm 100% sure your job is in demand elsewhere, as well.

i have no desire to live in a city besides NYC, LA, Miami... ive been all around the US, and the world, nothing beats those 3... i choose to live here

Those 3 cities are filthy ghettos. Chicago much better than all those of those. Cheaper, cleaner.

If you want cheap, move to Vegas, rent a house. You can rent a house in Vegas for cheap.

I don't understand why anyone would want to live in NYC, LA, or Miami. Those places are filthy.

Maybe you have to live there to understand.

 

[JLGatsby]

Originally posted by: PaNsyBoy8

Originally posted by: JLGatsby

Originally posted by: matstars

Originally posted by: iamwiz82
You don't have to stay there. I'm 100% sure your job is in demand elsewhere, as well.

i have no desire to live in a city besides NYC, LA, Miami... ive been all around the US, and the world, nothing beats those 3... i choose to live here

Those 3 cities are filthy ghettos. Chicago much better than all those of those. Cheaper, cleaner.

If you want cheap, move to Vegas, rent a house. You can rent a house in Vegas for cheap.

I don't understand why anyone would want to live in NYC, LA, or Miami. Those places are filthy.

Maybe you have to live there to understand.

Maybe I have?

 

[Al Neri]

Originally posted by: PaNsyBoy8

Originally posted by: JLGatsby

Originally posted by: matstars

Originally posted by: iamwiz82
You don't have to stay there. I'm 100% sure your job is in demand elsewhere, as well.

i have no desire to live in a city besides NYC, LA, Miami... ive been all around the US, and the world, nothing beats those 3... i choose to live here

Those 3 cities are filthy ghettos. Chicago much better than all those of those. Cheaper, cleaner.

If you want cheap, move to Vegas, rent a house. You can rent a house in Vegas for cheap.

I don't understand why anyone would want to live in NYC, LA, or Miami. Those places are filthy.

Maybe you have to live there to understand.

QFT

 

[arcas]

the savings account is for an emergency fund, once mys avings acct hits $10k im gunna stop putting $ in it. i put away

Don't do this. There are better places for emergency funds. At minimum, consider a treasury money market fund. Keep ~1000 in a savings account if you have to but put the rest in something liquid that draws better interest.

 

[necine]

I don't necessarily advocate moving out of your parents home. It's probably nice, you like it. However, I do think you should pay them rent. I think you should at least offer it. Just curious, what's your job? finish college? how many years ago?

 

[mugs]

Originally posted by: JLGatsby

Originally posted by: PaNsyBoy8

Originally posted by: JLGatsby

Originally posted by: matstars

Originally posted by: iamwiz82
You don't have to stay there. I'm 100% sure your job is in demand elsewhere, as well.

i have no desire to live in a city besides NYC, LA, Miami... ive been all around the US, and the world, nothing beats those 3... i choose to live here

Those 3 cities are filthy ghettos. Chicago much better than all those of those. Cheaper, cleaner.

If you want cheap, move to Vegas, rent a house. You can rent a house in Vegas for cheap.

I don't understand why anyone would want to live in NYC, LA, or Miami. Those places are filthy.

Maybe you have to live there to understand.

Maybe I have?

Maybe you haven't, or you would have come right out and said it rather than implying it. And even if you have lived in NYC, it's gotten nicer in recent years.

 

[Al Neri]

http://flagship5.vanguard.com/VGApp/hnw/FundsSnapshot?FundId=0050&FundIntExt=INT -- 3.36

vs

3.4 at ING

 

[JLGatsby]

Originally posted by: mugs

Originally posted by: JLGatsby

Originally posted by: PaNsyBoy8

Originally posted by: JLGatsby

Originally posted by: matstars

Originally posted by: iamwiz82
You don't have to stay there. I'm 100% sure your job is in demand elsewhere, as well.

i have no desire to live in a city besides NYC, LA, Miami... ive been all around the US, and the world, nothing beats those 3... i choose to live here

Those 3 cities are filthy ghettos. Chicago much better than all those of those. Cheaper, cleaner.

If you want cheap, move to Vegas, rent a house. You can rent a house in Vegas for cheap.

I don't understand why anyone would want to live in NYC, LA, or Miami. Those places are filthy.

Maybe you have to live there to understand.

Maybe I have?

Maybe you haven't, or you would have come right out and said it rather than implying it. And even if you have lived in NYC, it's gotten nicer in recent years.

Nicer to whom? The homebuyer? The cost of living? Not from what I hear, considering the average condo in Manhattan goes for about $1.2million.

In NYC, if you're anywhere but the upper east side, you're surrounded by drug pandering, homeless vagrants, piles of garbage waiting to be taken away, Italian people in Aidas jumpsuits and gold chains. What a terrible place.

 

[PaNsyBoy8]

Originally posted by: mugs

Originally posted by: randal
Grow up and move out. I can't believe ANYBODY is defending somebody who lives with their parents at 23. WTF is wrong with you?

He has no need to live elsewhere... he'd be throwing money down the drain on rent when he could be saving for a mortgage. It's pretty arbitrary to set an age when a person ought to move out of their parents' house.

Its probably a good idea to move out tho, to understand the cost of living alone, or live away from you parents, this includes, food, bills, rent, etc.


I'm very glad I moved out and on my own, but if i had the option to move home at this point, i would, i'd be saving an extra $1200 a month or so.

 

[Al Neri]

Originally posted by: necine
I don't necessarily advocate moving out of your parents home. It's probably nice, you like it. However, I do think you should pay them rent. I think you should at least offer it. Just curious, what's your job? finish college? how many years ago?

i offer, they refuse... i'm very thankful to them and they know it

i'm 23, graduated with a BS in MIS in '04, got home june 10th, started temping june 12th,04 ( day last summer vacation... got a full time job as a regulatory analyst on august 17th,04 been doing the same since.

 

[Al Neri]

during college i lived and managed for 4 years on my own, with barely any support from my family financial wise (my choice)

 

[spidey07]

Originally posted by: matstars
my salary is in the mid 50's (depending on the bonus)... most of my money goes into mutual funds, the savings account is for an emergency fund, once mys avings acct hits $10k im gunna stop putting $ in it. i put away ~5,000 per year and my company puts another 4000 on top of that... i think maxing out is 14k, but i also max out a roth and i feel like im doingenough right now

Move out.

If I was your dad you crap would be on the doorstep when you got home.

 

[batchusa]

Originally posted by: matstars
i think maxing out is 14k, but i also max out a roth and i feel like im doingenough right now

No, you are not. I maxed out my Roth AND my 401k AND rented my own apt when I got my first job after college. Max out when you are young and living w/ your parents - you will be less able to do so when you have a house/apt (if you decide to move out) and/or a family.

 

[johnjbruin]

That is not saving much at all. You should b esaving as much as possible all the time - at least till you are 50yrs old.

If you even have to ask 'am i saving too much' then you are not thinking right.

 

[Al Neri]

say word

 

[Black88GTA]

Originally posted by: randal
Grow up and move out. I can't believe ANYBODY is defending somebody who lives with their parents at 23. WTF is wrong with you?

I thought that way too, until I moved out here (Long Island). I was kind of shocked how common it is for people well into their 20s and 30s to still live with their parents because nobody can afford a house. In fact, just about everyone my age at work who has their parents in this area lives with their parents. Hell, there's one guy at my work who is in his early 40s who still lives with his parents! He is finally looking for his own place.

For example, there is a house two doors down from me with a postage-stamp yard and a one car garage. This house is small - I mean, it can't be larger than 1100 sq feet. Built sometime in the 1940s or so, with no central air, and giant metal radiators for heat. And the people that live there bought it for $420,000 last winter. This is in a 'middle class' area on Long Island.

Right now I'm pissing away $1k a month renting a place that's less than 450 sq feet, with a single parking space on the street. No garage or driveway access, and I have to do laundry at a laundromat. I can't wait to get the hell out of here, and move to a place where I can actually think about buying my own house.

 

[PandaBear]

You are not saving enough, try saving $200 more.

 

[MikeyIs4Dcats]

goddamn you're lucky.


<can save very little

 

[jadinolf]

Originally posted by: DaTT
Keep it up...you'll thank yourself one day.

Yep. I did that for several years. Probably a higher percentage of my income than yours.

It enabled me to start my own business and subsist a couple of years until it was running real well.

Keep it up.

 

[Whoozyerdaddy]

Originally posted by: matstars
I'm 23...

i'm doing this for input and to get my finances in order

I see roughly $950 a paycheck... 2 paychecks a month...

****That is after 10% pretax investment into my 401(k) and a 10% post tax contribution into a stock fund (basically it buys QQQQ without having to pay the buy fees)****

my expenses are:

$365 a month for my car
$60 for my cell phone
$10 for XM radio
$15 for usenet subscription
----> $450 a month for bills

i save $1000 a month, so i alot myself about 350 a month to drink go out and have fun
(i rotate every pay period, roth, savings acct, mutual funds) once in a while i miss a 500$ payment to myself if i made a dumb purchase, im trying to limit these to zero


luckily i live at home and don't pay for lunch (if i use what my mom buys (i can tell her to buy almost anything no problem)) or dinner

I live at home, in suburban NYC and wish to live in the city, but i dont think id be able to foot the bill for an apartment...

as for car insurance, i pay that lump sum every 6 months out of my savings account...

is saving that $1000 + 10% pretax, 10% post tax too much?

Keep doing what you're doing... you'll be retired at 40.

 

[spidey07]

Originally posted by: Whoozyerdaddy

Originally posted by: matstars
I'm 23...

i'm doing this for input and to get my finances in order

I see roughly $950 a paycheck... 2 paychecks a month...

****That is after 10% pretax investment into my 401(k) and a 10% post tax contribution into a stock fund (basically it buys QQQQ without having to pay the buy fees)****

my expenses are:

$365 a month for my car
$60 for my cell phone
$10 for XM radio
$15 for usenet subscription
----> $450 a month for bills

i save $1000 a month, so i alot myself about 350 a month to drink go out and have fun
(i rotate every pay period, roth, savings acct, mutual funds) once in a while i miss a 500$ payment to myself if i made a dumb purchase, im trying to limit these to zero


luckily i live at home and don't pay for lunch (if i use what my mom buys (i can tell her to buy almost anything no problem)) or dinner

I live at home, in suburban NYC and wish to live in the city, but i dont think id be able to foot the bill for an apartment...

as for car insurance, i pay that lump sum every 6 months out of my savings account...

is saving that $1000 + 10% pretax, 10% post tax too much?

Keep doing what you're doing... you'll be retired at 40.

And still living at home.

bwahahahahahahhahahahaaa.

 

[Al Neri]

Originally posted by: spidey07

Originally posted by: Whoozyerdaddy

Originally posted by: matstars
I'm 23...

i'm doing this for input and to get my finances in order

I see roughly $950 a paycheck... 2 paychecks a month...

****That is after 10% pretax investment into my 401(k) and a 10% post tax contribution into a stock fund (basically it buys QQQQ without having to pay the buy fees)****

my expenses are:

$365 a month for my car
$60 for my cell phone
$10 for XM radio
$15 for usenet subscription
----> $450 a month for bills

i save $1000 a month, so i alot myself about 350 a month to drink go out and have fun
(i rotate every pay period, roth, savings acct, mutual funds) once in a while i miss a 500$ payment to myself if i made a dumb purchase, im trying to limit these to zero


luckily i live at home and don't pay for lunch (if i use what my mom buys (i can tell her to buy almost anything no problem)) or dinner

I live at home, in suburban NYC and wish to live in the city, but i dont think id be able to foot the bill for an apartment...

as for car insurance, i pay that lump sum every 6 months out of my savings account...

is saving that $1000 + 10% pretax, 10% post tax too much?

Keep doing what you're doing... you'll be retired at 40.

And still living at home.

bwahahahahahahhahahahaaa.

hater

 

[dud]

You can NEVER save too much. You should be commended for starting so early. I have one suggestion though, you might want to re-think your investment in the QQQ. I have a number of shares and except for the NASDAQ run-up of the late 90s the stock has gone no where. I am looking at asset allocation funds that spread your risk accross all the stocks/bonds held by that fund. Look into it.