How Do You Save...Do You Save for Whatever?

[fgarvb1]

I never really thought about it before, my money is in Real Estate and my 401K.

Just worked out that way.

I'm not worth much money at todays value and I'd rather you did not say how much either...the internet and all.

BUT, How do you choose to save and for what?

 

[QueenLevitra]

I've an employer matching 401k, thanks Pops.

Some acres.

Gold and silver coins. 15 years worth.

More antique glass than I care to admit.

I don't "save" for things. When I want/need something I buy it.

 

[phrodeau]

Automatic withdrawals into several mutual fund accounts. I used to buy CD's, but their returns tanked. My credit cards are paid off and have generous limits, so when I need to make a big purchase, I can drop plastic.

 

[renard_ruse]

Off shore accounts in the Cayman Islands, mostly, especially now that Switzerland got rid of secret bank accounts.

 

[blobfish]

Most of my money is in Beanie Babies.

 

[Miss_Ali]

I have a 401K and IRA that I max out every year. In addition after the great market fiasco, I've been really careful about putting my money out there again. I do however keep investing in REITs and have seen good return even through our American "depression". I also belong to an investment club I started with friends/family.

As far as saving is concerned, I have a household budget. I'm pretty good at separating my needs from my wants. Having said that, I don't just live for tomorrow, I travel and spend allocated money when I opt to. It's a hard discipline to learn but a worthy one.

If you're looking for investments, I seriously suggest looking into REITs.

Good luck!

 

[mediocre]

Dividend Reinvestment Plans

 

[warrior queen]

We have land, a managed investment fund, superannuation, and a fixed savings account.
No credit cards (debit visa and mastercard only) and no loans.

 

[fgarvb1]

We have land, a managed investment fund, superannuation, and a fixed savings account.
No credit cards (debit visa and mastercard only) and no loans.

"superannuation"

I had to look that one up.

Superannuation in Australia refers to the arrangements which people make in Australia to have funds available for them in retirement. In Australia, superannuation arrangements are government-supported and encouraged, and minimum provisions are compulsory for employees.[1] For example, employers are required to pay a proportion of an employee's salaries and wages (currently 9%) into a superannuation fund, but people are encouraged to put aside additional funds into superannuation. The minimum obligation required by employers is set to increase to 12% gradually stepping annually from 2013 to 2020.[2]

A person can withdraw funds out of a superannuation fund when the person meets one of the conditions of release contained in Schedule 1 of the Superannuation Industry (Supervision) Regulations 1994.[3]

 

[warrior queen]

"superannuation"

I had to look that one up.

Superannuation in Australia refers to the arrangements which people make in Australia to have funds available for them in retirement. In Australia, superannuation arrangements are government-supported and encouraged, and minimum provisions are compulsory for employees.[1] For example, employers are required to pay a proportion of an employee's salaries and wages (currently 9%) into a superannuation fund, but people are encouraged to put aside additional funds into superannuation. The minimum obligation required by employers is set to increase to 12% gradually stepping annually from 2013 to 2020.[2]

A person can withdraw funds out of a superannuation fund when the person meets one of the conditions of release contained in Schedule 1 of the Superannuation Industry (Supervision) Regulations 1994.[3]

We currently have 15% of wages going into superannuation, plus we contribute another 5% through salary sacrifice (taken out of wages before tax is calculated).

 

[blobfish]

We have land, a managed investment fund, superannuation, and a fixed savings account.
No credit cards (debit visa and mastercard only) and no loans.

So, basically what you're saying is that you're always in the black?

 

[warrior queen]

So, basically what you're saying is that you're always in the black?

Now you're getting inventive!
Funny

 

[honeylick]

i've got a sugardaddy.

 

[killallhippies]

ctrl s

 

[eyer]

i've got a sugardaddy.

So does wanker queen...

 

[imalickin]

Rule of thumb - take 10% of your paycheck and put it in some investment, say mutual funds or a stock portfolio.

Contribute the maximum to your 401k if there is no employer match. If you have an employer match, contribute as much as you need so that you get the total employer match.

In the US, invest in a Roth IRA, put in the max each year.

The rest of your check is yours.

 

[richard_daily]

ctrl s

Best answer.

 

[JAMESBJOHNSON]

No one mentioned, PAY OFF THE HOUSE. No one mentioned, LEARN TO LIVE ON LESS INCOME.

 

[Porkwarrior]

No one mentioned, PAY OFF THE HOUSE. No one mentioned, LEARN TO LIVE ON LESS INCOME.

You must be American and vote for the "other" party (note: never vote Full Retard)
Homes are horrible investments, unless you live in very small very specific markets. And that applies globally. A simple application of math & geography is really all that is needed to see if paying off a mortgage or investing in Malaysian pork belly's will give you a better return over 5yr, 10yr, 20yr cycles.


Precious metals are always a stable bet over long term investment planning. Going for physical metal or actual coins trumps notes, and has a low ceiling. You don't need to be a millionaire to start stacking US or CAN mint silver coins, and they will always have value in our lifetimes.

Debt interest is a cum shot sprayed into the wind. Don't waste the good stuff if you don't have to.




And as for things you save for.......I've been saving for a 40yr old birthday weekend to Vegas for almost 10yrs. I have a five figure budget and a spouse that has tacitly agreed that I'm allowed to spend it on gambling, blow and French Canadian hookers. Preferably twins.

 

[albertaboy]

I have a pension and save about $550/ 2 weeks into my company share plan. Then once a year I sell the shares and top up my RRSP(like an IRA).

 

[4est_4est_Gump]

I never really thought about it before, my money is in Real Estate and my 401K.

Just worked out that way.

I'm not worth much money at todays value and I'd rather you did not say how much either...the internet and all.

BUT, How do you choose to save and for what?

Firstly, we don't spend.

A year's salary in interest-bearing cash accounts, 401Ks, precious metals, guns, ammo, food supplies, seeds, water purification, generators, gas, solar...,



Most importantly, relations with our neighbors. They know where they can go for emergency medical support or project labor.

 

[4est_4est_Gump]

No one mentioned, PAY OFF THE HOUSE. No one mentioned, LEARN TO LIVE ON LESS INCOME.

We've done that three times.

We have a note on this house and land because of the ridiculously low interest and mortgage deduction.

 

[4est_4est_Gump]

Yeah, never spend more on plastic than you can pay off at the end of the month.

 

[JAMESBJOHNSON]

You must be American and vote for the "other" party (note: never vote Full Retard)
Homes are horrible investments, unless you live in very small very specific markets. And that applies globally. A simple application of math & geography is really all that is needed to see if paying off a mortgage or investing in Malaysian pork belly's will give you a better return over 5yr, 10yr, 20yr cycles.


Precious metals are always a stable bet over long term investment planning. Going for physical metal or actual coins trumps notes, and has a low ceiling. You don't need to be a millionaire to start stacking US or CAN mint silver coins, and they will always have value in our lifetimes.

Debt interest is a cum shot sprayed into the wind. Don't waste the good stuff if you don't have to.



And as for things you save for.......I've been saving for a 40yr old birthday weekend to Vegas for almost 10yrs. I have a five figure budget and a spouse that has tacitly agreed that I'm allowed to spend it on gambling, blow and French Canadian hookers. Preferably twins.

Pay your house off and you can buy all the other shit you want. Paid off house = no rent. So how much is that? 1000-2000 per month?

Precious metals eat sow bellies unless you bought mine stock. Otherwise increases in precious metal prices are inflation only, and the IRS taxes you on the inflation. Such a deal.

 

[JAMESBJOHNSON]

Dear Reader

Note that the Usual Subjects believe inflation is an increase in value! If that $1 loaf of bread jumps to $2, its worth twice as much!