This is pitiful

[Mister T]

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[Barnaby W. Füi]

yeah well maybe if i made more than like $250 a week then i WOULD save some.

(edit) but yes overall you are correct, it is not a wise decision to go sans-savings.

what i dont get is the people makin 50k a year and they have no savings.

 

[Nitemare]

<< yeah well maybe if i made more than like $250 a week then i WOULD save some.

(edit) but yes overall you are correct, it is not a wise decision to go sans-savings.

what i dont get is the people makin 50k a year and they have no savings. >>



It's called keeping up with the Jones's, having a 200k house, driving a beemer or lexus, and shopping for clothes at saks or Macy's.

People nowadays are too worried about now now now then down the road. Let's hope the recession that we are in now has been a huge wake-up call to these people. If not, tough luck, your stupid as$ deserves what you get.

 

[Barnaby W. Füi]

<<
It's called keeping up with the Jones's, having a 200k house, driving a beemer or lexus, and shopping for clothes at saks or Macy's.

People nowadays are too worried about now now now then down the road. Let's hope the recession that we are in now has been a huge wake-up call to these people. If not, tough luck, your stupid as$ deserves what you get.

>>



well said. reminds me of my dad (who i no longer speak w/), he made over like 50k a year, and wasted alot of it on his HARLEY'S. give me a break. just a dumb old man going through a mid life crisis trying to be cool again. a 16,000 dollar motorcycle, brand new. and another one he didnt really even ride much that he put over 10000 into that just sat there.

guess who never saved jack $hit to put me through college?

oh and please no one flame me for that last comment, i think college is very important. i plan on going once i get a bit more financially well-off, and if i have kids, they will be going to, and i'll make it a little easier for them.

 

[Mister T]

<<oh and please no one flame me for that last comment, i think college is very important. i plan on going once i get a bit more financially well-off, and if i have kids, they will be going to, and i'll make it a little easier for them.>>

No flames from me, only encouragement. Its unfortunate that your father chose to invest in motorcylces rather than investing in you. Best of luck with college.

 

[Zenmervolt]

I've never understood that type of reasoning (living paycheck to paycheck). One of my friends' families lives on half their income, the other half is saved. Of course, this friend's father is a corporate lawyer, and a very good one at that, so half of his income is still a lot. My parents have saved a lot to, not like my friend, but they still have some rather serious money in stocks and mutual funds. Guess I'm just lucky to have that sort of influence.

ZV

 

[myputer]

Well then I am one of those pitiful people. Our enitre savings was sucked dry because my husband was laid off for four months, and he makes 50k a year........We are trying to get our fund built back up again, at least we were smart enough to have one in the first place.

 

Kind of hard to save when you don't have expendable income.

 

[Spook]

Don't bag on me too bad.. but I'm one of those 41%... I need to save up... part of my problem was that I spent 10years in the military, and never had to worry about getting a paycheck, and quite frankly didn't have enough but to live from paycheck to paycheck... Now, I really don't have too much of an excuse... I work in a gov contract, but, I should still be conscience to start saving...

Well, I've eliminated all the extra bills... so this year things get turned around in the savings department...

 

[brnbngls]

Kind of hard to save when you have two car loans (my wife and I), three student loan payments, mortgage payments, credit card bills (from before we were married), plus all of the standard utilities. We try to save, but with extraneous needs for money continually cropping up unexpectedly, it's tough. I do not plan to ever touch my 401K until after I retire, but beyond that, if either one of us were to lose our jobs we'd be screwed. Bills kick our a$$.

 

[Mister T]

myputer, at least you had one.

sammyson,

I don't know your exact situation, nor do I want to make any assumptions. But, I have friends that are in similar positions and it is because they live outside their means and do not have a budget. Saving a little is better than not saving at all.

 

[Mister T]

<<It's called keeping up with the Jones's, having a 200k house, driving a beemer or lexus, and shopping for clothes at saks or Macy's.>>

True. People go and drop 30K on an SUV when a ford focus or a Hyndai elantra will do the same Point A to B task

 

[Mister T]

brnbngls,

what kind of rate you have on that mortgage? You might
be able to save some money with a refinance. Now is the time.