For all of you "savers" out there. Why are you a saver?

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thirtythree

Diamond Member
Aug 7, 2001
8,680
3
0
Originally posted by: loki8481
Originally posted by: thirtythree
I save because I don't like working full-time and hope to eventually live comfortably off the interest and an enjoyable part-time job (20-30 hours)... but yeah, might be a while. I had this great savings plan worked out, but then I decided I don't like my current line of work (IT), so I'm switching to a part-time library job (or two) while I get a master's degree in library science.
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that's funny... I'm doing almost exactly the same thing :p

I work in IT. I've been saving money so that I can start going to grad school part-time to get a degree in MLIS. also, it's good to have money stashed away for unexpected circumstances (like if my company were to bottom-out tomorrow, I have enough money in savings that I could probably do OK for 4-5 months without a job)
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Which program are you thinking about? I'm doing an accredited distance program 'cause there aren't any in my state.
 
rbV5

rbV5

Lifer
Dec 10, 2000
12,632
0
0
Originally posted by: rbV5
I'm a saver and investor because I worked all these damn hours all these damn years to gain capital and hope that my future is at least as comfortable as my present.
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I'll add that I am also a spender, because I make a decent living and I'll be damn if I live like a pauper today just in case some <lawyer,doctor,children,addiction> cleans my portfolio before I can enjoy it.
 
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nageov3t

Lifer
Feb 18, 2004
42,808
83
91
Originally posted by: thirtythree
Originally posted by: loki8481
Originally posted by: thirtythree
I save because I don't like working full-time and hope to eventually live comfortably off the interest and an enjoyable part-time job (20-30 hours)... but yeah, might be a while. I had this great savings plan worked out, but then I decided I don't like my current line of work (IT), so I'm switching to a part-time library job (or two) while I get a master's degree in library science.
Click to expand...

that's funny... I'm doing almost exactly the same thing :p

I work in IT. I've been saving money so that I can start going to grad school part-time to get a degree in MLIS. also, it's good to have money stashed away for unexpected circumstances (like if my company were to bottom-out tomorrow, I have enough money in savings that I could probably do OK for 4-5 months without a job)
Click to expand...
Which program are you thinking about? I'm doing an accredited distance program 'cause there aren't any in my state.
Click to expand...

my company is relocating me to New Brunswick at the end of the month (thank god! I'm counting down the days till I no longer work in Newark, NJ). it just so happens that the Rutgers New Brunswick campus seems to have a pretty solid MLIS program.
 
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desy

Diamond Member
Jan 13, 2000
5,447
216
106
I save cause I don't want to eat sawdust when I get old , or need a surgury that I can't pay for or drugs for treatment.
 
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Kntx

Platinum Member
Dec 11, 2000
2,270
0
71
Originally posted by: thirtythree
Originally posted by: dullard
Surprisingly, my older sister can't keep more than $1 in her bank account without spending it. She never seemed to be affected by the time she was poor.
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Don't most banks have like a $25 minimum? Or is it just mine? (I realize you were exaggerating a bit, but I'm curious.)
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No.. in fact most banks love it when you have LESS than $0.
 
hanoverphist

hanoverphist

Diamond Member
Dec 7, 2006
9,867
23
76
Originally posted by: MercenaryForHire
So that when a unexpected situation comes up that requires financial resources, I'm not "f*cked" as they say. ;)

- M4H
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same here. i have 3 kids and just my income. if i dont have the cash to get it done, it just doesnt get done. ex wife wont be pitching in anytime soon.
 
Squisher

Squisher

Lifer
Aug 17, 2000
21,204
66
91
I'm saving for my retirement.......................................................in 38 days.

 
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PhoenixOrion

Diamond Member
May 4, 2004
4,312
0
0
My wife and I saved up for our first house.

Ever since we bought our house, our savings practices became a habit.
 
Nocturnal

Nocturnal

Lifer
Jan 8, 2002
18,927
0
76
I just enjoy life. If that means being in debt then so be it. I could die tomorrow and thankfully I have a life insurance policy and some savings I can leave behind. I guess I want to enjoy life more than anything. I do that by enjoying things such as computers, family and friends.
 
skyking

skyking

Lifer
Nov 21, 2001
22,802
5,971
146
Our income is comfortably above our expenses. We don't set aside a dollar amount per se, it just accumulates. Niether one of us is into buying expensive crap or chasing the latest in technology. Take plasma and HDTV for example. We watch a couple of hours of tube a night, if that. It is simply not worth it to plunk down thousands for that. We'd rather take more vacations:D
 
NuclearNed

NuclearNed

Raconteur
May 18, 2001
7,882
380
126
Because the day will come when I turn 55... and I don't want to work anymore after that.
 
xanis

xanis

Lifer
Sep 11, 2005
17,571
8
0
Why save? So I don't take it in the ass when something happens. Life is full of surprises and I save because I don't want to lose everything if some incident comes up.

 
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DaShen

Lifer
Dec 1, 2000
10,710
1
0
Dad was terrible with money for a very long time. He still is in a lot of ways. It made it very difficult, so I learned to save my money.
 
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MustISO

Lifer
Oct 9, 1999
11,927
12
81
I enjoy having the money more than spending it. We live very comfortably and have nice things but we tend to save WAY more than most people we know.
 
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elmro

Senior member
Dec 4, 2005
459
0
0
I aggressively put money into my 401k. Beyond that, I honestly don't spend much money - rent, bills, and occasionally for things I "need" (replacing ripped clothes, etc). I have everything I want, just not the best model. (Used furniture, hand me down stereo, 5 year old computer). There isn't anything really that I want that I don't have - so in the meantime I am just saving on a downpayment for a house.

Like other posts: I am not 'saving', I am investing my excess cash.
 
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