- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: I Heard Two Interesting Positions on NPR Today; Do People Not Have Savings Anymore?
Posted on 3/18/20 at 9:02 pm to Caddeaux
Posted on 3/18/20 at 9:02 pm to Caddeaux
It all comes down to discipline and sacrifice.
My wife and I are no more than middle (some would say lower-middle) class in our early 30s.
We worked through college and graduated with about 17k loans between us. We don't vacation. We upgraded cars only when necessary. When our CC debt started getting out of control, we cut ourselves off and maintained until we could afford to pay it down. We waited until 30 to have a baby.
More than anything, we have always prioritized having an emergency fund and saving for specific goals (wedding, baby, etc).
The amount of batshit insane mistakes I see people my age make financially is ridiculous. Every penny of a raise or bonus goes to "reward" themselves when they're sitting on tens of thousands in debt and no assets to speak of. Not even touching the people who smoke or drink away thousands of dollars a year and freak out over a $25 co-pay to go to the doctor.
My wife and I are no more than middle (some would say lower-middle) class in our early 30s.
We worked through college and graduated with about 17k loans between us. We don't vacation. We upgraded cars only when necessary. When our CC debt started getting out of control, we cut ourselves off and maintained until we could afford to pay it down. We waited until 30 to have a baby.
More than anything, we have always prioritized having an emergency fund and saving for specific goals (wedding, baby, etc).
The amount of batshit insane mistakes I see people my age make financially is ridiculous. Every penny of a raise or bonus goes to "reward" themselves when they're sitting on tens of thousands in debt and no assets to speak of. Not even touching the people who smoke or drink away thousands of dollars a year and freak out over a $25 co-pay to go to the doctor.
Posted on 3/18/20 at 9:08 pm to Muthsera
quote:
It all comes down to discipline and sacrifice
Yep my wife and I are in our 20s and I came out of college with no more than a few grand in a checking account and my wife has a crap load of student loans yet we nearly have an entire years worth of salary combined in our savings account already. Granted we don’t have kids yet but I don’t understand how the majority of Americans end up living paycheck to paycheck. I never believe those statistics.
I blame schools and education for not teaching finance curriculums. That part I get though. The more debt slaves the closer we are to voluntarily voting in communism!
Posted on 3/18/20 at 9:18 pm to Muthsera
quote:
It all comes down to discipline and sacrifice
Right, and some imagination. Bring a sandwich for lunch instead of eating out, that’s app $50 a week in savings, x 52 weeks, $2600! If saving is a priority it can be done and seeing that account balance grow is very satisfying.
Popular
Back to top
Follow TigerDroppings for LSU Football News