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re: How much did you save in your early twenties?

Posted on 6/25/15 at 1:58 pm to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/25/15 at 1:58 pm to
I'm thinking about making the trip to Syracuse as well. I think I have your tickets.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32506 posts
Posted on 6/25/15 at 4:54 pm to
quote:

quote:
emainder went toward engagement ring/honeymoon/home furnishings/wife's professional school.


that is where all of mine is about to go.

FML.


If it's going to that last part (wife's professional school) then you'll be golden
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 6/25/15 at 6:29 pm to
Graduated with about 15k in student loan debt, but had a good paying oilfield job and was living at parents' home for the first year and a half when I wasn't in the field. Paid off loans, then had about 75k in cash and 401k by the end of the first half of my 20's. Still enjoyed life, wasn't being particularly frugal

Ended up going to grad school, so savings stopped for a while, but back working now
Posted by Jp1LSU
Fiji
Member since Oct 2005
2542 posts
Posted on 6/25/15 at 6:33 pm to
I can say now that I wish I had more money by saving back then, but I sort of think that if you save anything from those years you've prolly done something wrong.

Granted that chunk of wisdom comes from someone who is practically still paying bills from being twenty something.
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 6/25/15 at 6:57 pm to
I wish I would've attacked my 401ks a little harder right out of college, but I was still getting after it pretty good. I don't regret it and things turned out just fine.

With that being said, it's one of the few times, for many, that your responsibilities are minimal and you can pretty much do what you want. I really don't believe that if I was able to put an extra 20k in to 401's that I'll be in a much different boat at 50.
Posted by Pkin
Member since May 2015
222 posts
Posted on 6/25/15 at 8:54 pm to
wow, this thread makes me feel really rich
Posted by Pkin
Member since May 2015
222 posts
Posted on 6/25/15 at 9:00 pm to
On a side note... is spending so much on a wedding really worth it?

I realize that having a huge fairytale wedding is a status symbol in the South... but is it really better than just eloping somewhere?
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 6/26/15 at 5:45 am to
quote:

n a side note... is spending so much on a wedding really worth it?


My wife was great about fitting things inside our budget. Issue was that she wouldn't agree to the budget unless it accounted for best venue in the city, her preferred band, brand name wedding dress and "amazing flowers"


We spent a lot of money for other people to look at "pretty things" for a day.
Posted by Pkin
Member since May 2015
222 posts
Posted on 6/26/15 at 7:38 am to
Right... It's the last part that I don't like, spending tons of money on people I hardly ever see.
Posted by notsince98
KC, MO
Member since Oct 2012
18005 posts
Posted on 6/26/15 at 7:53 am to
quote:

On a side note... is spending so much on a wedding really worth it?


Hell no but there is much to be said about keeping your wife happy. Hopefully you have one that isn't asinine about it and wants something somewhat moderately sized and not overdone.
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 6/26/15 at 7:59 am to
quote:

Hell no but there is much to be said about keeping your wife happy. Hopefully you have one that isn't asinine about it and wants something somewhat moderately sized and not overdone.
Yep. And it all depends on the woman. My wife is not a keep up with the Jones' type of person, but she always wanted a really nice wedding. It's hard to throw a nice wedding at a nice venue all-in for < $20k these days.
Posted by Rhino5
Atlanta
Member since Nov 2014
28900 posts
Posted on 6/26/15 at 8:28 am to
I would simply make it my goal to fight the debt monster off. If you can keep debt low, then you will be set when the big paycheck starts to roll in. My brother is a pharmacist, makes good money but has student loan debt he has to service for a very long time.
Posted by lynxcat
Member since Jan 2008
24155 posts
Posted on 6/26/15 at 10:03 am to
I would happily elope. I don't actually think my dad would care and would say "congrats" but my mom would be sad.
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