Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
What are you saving for?
- Thread starter dukebound85
- Start date
- Sort by reaction score
How about "the future". I'm putting a little aside each paycheck, and hope to continue watching it get cut in half, week by week.
I don't know if I want that to be faster or slower than the rate by which my house is losing it's value.
At least my cars, computers and household items were purchased with the understanding that they are not "investments" but merely "expenses".
I don't know if I want that to be faster or slower than the rate by which my house is losing it's value.
At least my cars, computers and household items were purchased with the understanding that they are not "investments" but merely "expenses".
That is totally cool. You will never be sorry for any Rickenbacker. Since you are into quality guitars, you probably know a lot about axes from different companies. I want the JS-1000 model Joe Satriani, in cherry red or black but I don't have the $1200 or $1300 for it right now. I also like the Epiphone Casino, John Lennon model, Apple rooftop edition (they call the Revolution Casino) in satin hand sanded blonde reliced and aged just like the Beatle guitar would look today in Yoko's collection, but nearly three grand for that Lennon authorized collector's piece is not in my price range, but it is very much like John's guitar.
It's very possible that the last couple of times this thread, or one like it has come up, I mentioned one or both of these. Neither are really necessary and a new Mac would be 1000 times more useful for me as I could use it for work, school, and fun.
Attachments
I agree too, about saving for a home, as long as he/she buys when the market is at or near rock bottom.
Unfortunately, I think it's going to be quite a long time before we see that point. Until then, more will be laid off and what people have homes now will see their net worth on their home(s) decrease another 20-30% percent.
I am 17 and currently have about $1600 in the back. Not really saving towards anything I guess...
I'm saving for a home as well (among other things). I'm at the point now where I can go ahead and buy something, but I agree with you, I don't think we've seen the bottom of this housing market yet. So, I wait, and continue to build up my savings......
I have seen some homes lose 10% percent where I live but some lose half their value. It's downright scary, especially in artificially high markets like those found in California, New York, and other states in or near urban centers.
I also don't think major companies, unable to operate in these overvalued areas, moving out due to those high costs, are any help to the real estate value as jobs leave the most populous states and even the US.
When I heard that this recession would be deemed over when the real estate turns around, then I knew we would be in it for a long time long after the decreases first seen 2 1/2 years ago. It may be the first five year real estate slide I have ever seen in my life so far.
I'm not really saving for anything right now. I'm pumping all available spare cash into paying off debt. The car will be paid off about 3 years early, and the student loans will be paid off about...15 years early.
I am going to cut back a bit and buy a new monitor for the mini. My 5 year old no-name 19in LCD has several dead pixels on it, and it has gotten annoying. Of course, after reading all the monitor threads on here, I'm even more confused than when I first started looking for one.
I am going to cut back a bit and buy a new monitor for the mini. My 5 year old no-name 19in LCD has several dead pixels on it, and it has gotten annoying. Of course, after reading all the monitor threads on here, I'm even more confused than when I first started looking for one.
I'm not really saving for anything right now. I'm pumping all available spare cash into paying off debt. The car will be paid off about 3 years early, and the student loans will be paid off about...15 years early.
That is great.
Is it a 48 month term on the car or 60 month? And on the student loans, is it a 20, 25 or 30 year Stafford? Anyway, even if it's a 30 year loan, that is a great achievement by knocking that much time off.
Me, I'm saving for a possible/eventual layoff emergency fund. Have been doing so for the last 1.5 years. If I still retain my job it will go towards a house or sit in the bank.
The car was originally on a 60 month note. I figured I would pay it off early, but the snowball should be really cranking on it in a couple of months. I forgot to mention killing the last of the credit cards in a couple of months. Then the car will be next, and should take about 1 year. The student loans are after that, taking about another 1.5 years. They were originally a 20 year term. And I was slightly wrong on the timeline...they will be paid off about 12 years early.
All I have to say is that Dave Ramsey is a heck of a motivator. It also helps being single, since I can live like a hermit, and nobody will really care.
Physician Assistant school. 31K per year. Just trying to get some sort of savings so I can not work and just focus on my studies. Currently have no debt and ~12k in savings. Hoping to double that in 4 months before I leave.
Just found out I am ineligible for federal loans as I never enrolled in the selective service. Trying to fight that now (I never knew). So I may have to do all personal loans for school. Lucky me.
Luckily its coming along quite nicely. I am working so much right now. Today I just got done with my 28th day in a row, working 70+ hours per week. Next day off is in a week, maybe. I feel kind of dumb quitting my job when it is so great to me, especially in this economy, but I went to school wanting to care for people.
Scary to quit a job in this economy and go to school, not making money for 2 years!
Just found out I am ineligible for federal loans as I never enrolled in the selective service. Trying to fight that now (I never knew). So I may have to do all personal loans for school. Lucky me.
Luckily its coming along quite nicely. I am working so much right now. Today I just got done with my 28th day in a row, working 70+ hours per week. Next day off is in a week, maybe. I feel kind of dumb quitting my job when it is so great to me, especially in this economy, but I went to school wanting to care for people.
Scary to quit a job in this economy and go to school, not making money for 2 years!
Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 2_2_1 like Mac OS X; en-us) AppleWebKit/525.18.1 (KHTML, like Gecko) Version/3.1.1 Mobile/5H11 Safari/525.20)
At the moment? A trip to NYC in the summer! I've got the plane & hotel paid for - just saving up spending money now.
In the long run? Student loans, retirement, a car and getting a new place in a few years!
At the moment? A trip to NYC in the summer! I've got the plane & hotel paid for - just saving up spending money now.
In the long run? Student loans, retirement, a car and getting a new place in a few years!
A wedding. Me and Emma, me fiancée got engaged in October 08, and are saving for a July 2010 wedding.
Just saving for the future at the moment and will find out what mine and my Wifes yearly bonus will be on Wednesday (we both work for the same company).
Last year the bonus was equivalent to 20% of our yearly salary, but this year is expected to be much lower - probably about 10%.
That should clear the outstanding balance from our credit card and allow us to put some more cash into our works saving scheme so that we don't have to hand over so much to the Tax Man.
Short term we need to get some more furniture for the house (desk, replace our aging sofas)
Last year the bonus was equivalent to 20% of our yearly salary, but this year is expected to be much lower - probably about 10%.
That should clear the outstanding balance from our credit card and allow us to put some more cash into our works saving scheme so that we don't have to hand over so much to the Tax Man.
Short term we need to get some more furniture for the house (desk, replace our aging sofas)
Lesse... I have a car (paid for), I have a computer (almost paid for), I have no debt, few expenses..
I'd love to take a road trip from Rochester, NY to Seattle, WA at the end of the summer. Drive the whole way. Take a month to do it, out and back.
Outside of my family going to the local campground (<8 miles away) I've never been on vacay.
Call me foolish, call it too much Thelma & Louise. I'd just love to drive across the nation for once.
I'd love to take a road trip from Rochester, NY to Seattle, WA at the end of the summer. Drive the whole way. Take a month to do it, out and back.
Outside of my family going to the local campground (<8 miles away) I've never been on vacay.
Call me foolish, call it too much Thelma & Louise. I'd just love to drive across the nation for once.
