Re: Do you live within your means?
 

I save first (30%), spend whatever is left over (~10%)....once kids come into the picture I'm sure I'll have to alter my lifestyle to compensate for the resource drain the little critters will be. If I'm lucky I'll have them on lease for only 18 years.

Re: Do you live within your means?
 

[quote=Schneed10;627726]I think the definition is pretty simple, if you spend more than you make, then you're living outside of your means.[/quote]

To put it in "common man" terms....if you put a shit load on your credit card and you can't hold on for 6 months if you were laid off without draining your entire savings...you're a broke bitch living beyond your means.

Re: Do you live within your means?
 

[quote=Mattyk72;627588]We did, we were able to sell our house and pay off our mortgage and obviously we're incredibly fortunate because of that. Believe me we'd give it all up in a heartbeat to have her back, but yes it put us way ahead of the game, obviously the circumstances that put us in this situation just stinks.[/quote]

Indeed we are fortunate due to some very unfortunate circumstances. Beyond this though I firmly believe (although I'll never be able to prove it) that we were headed in the right direction. My dad was a cop, and built his wealth based on good old fashioned savings etc. Both me and Matty are well educated and have saved for retirement as soon as we could. After college we both paid off our credit card debt, and began saving. We did not buy an expensive house, but one we could reasonably afford. I can't deny we had an advantage, but that was exactly was my parentswanted for me and planned for themselves. Thanks to that, I'll be able to do the same for my own kids.

Re: Do you live within your means?
 

[quote=Schneed10;627719]I guess you and I have vastly different definitions of what "living" is.

To me, you can't beat playing with your kids in the park on a sunny day. The best things in life are free.

That's not to say I don't spend the money to belong to a pool, or that I don't take them to amusement parks, etc. But you don't have to spend a lot to have a good time in life. My opinion.[/quote]


I meant spent like food, housing, etc... and I agree you don't have to over spend. I was targeting more folks who won't even go to the park on a sunny day because they have to spend money on gas, that is the cheap I am talking about.

Honestly my son is two for Xmas I could just wait and until everyone puts out there boxes and then go drag them in, he would be in f--king heaven and it would cost me $0.

Re: Do you live within your means?
 

I was just looking at my BofA checking account online, and it made me think of this thread. Anyone who banks with BofA, I recommend the "Keep the Change" feature for your accounts. If you're not familiar, what it does is for every purchase you make with your check card, it rounds the amount up to the nearest dollar, and puts the difference between that and your purchase directly into your savings account. For example, if you spend $6.50, it will debit your checking account $7.00, and put $.50 into your savings account. That feature alone has put an extra $1,000+ into my savings account this year.

Re: Do you live within your means?
 

I haven't made great choices, and between divorce, 3 kids, and another bad relationship that bottomline I allowed use almost 25K of what was my good credit, I am right now trying to work myself back to the right side of the ledger. I am almost there, but saving hasn't been a part of it yet. :( hopefully y'all like me enough when it's time to get Social Security, right?

Re: Do you live within your means?
 

[quote=mredskins;627766]I meant spent like food, housing, etc... and I agree you don't have to over spend. I was targeting more folks who won't even go to the park on a sunny day because they have to spend money on gas, that is the cheap I am talking about.

Honestly my son is two for Xmas I could just wait and until everyone puts out there boxes and then go drag them in, he would be in f--king heaven and it would cost me $0.[/quote]

I got ya now. I honestly can't say I know anyone that frugal. That sounds like living in a prison.

I do have a problem though with people who live beyond their means even when they don't need to. People who get laid off and are forced to dip into savings and go into debt, that's sad and I feel for them. But this guy who works for me (so he makes less than me) lives in a 3000 square foot house (pretty sizeable for Philly suburbs) while mine's about 2100, and drives a BMW while I drive a Toyota. Then he has the gumption to whine about how his electric service is about to be shut off because he's been missing too many payments.

I don't feel envious of the lifestyle he lives, I just want to shake the stupid out of him. Is the bigger house and the nicer car really worth the stress of feeling that strapped for cash? I'd much rather scale down and not have to worry about money than be house-rich and cash-poor.

Re: Do you live within your means?
 

nah i dont.... saving for a retirement, is not for me, there is not guarentee, I will collect it........

Re: Do you live within your means?
 

[quote=Nomad;627846]nah i dont.... saving for a retirement, is not for me, there is not guarentee, I will collect it........[/quote]

Did you know that if you put away $1000 now in an account that earns about 5% per year, it would be worth $4300 30 years from now?

If the account earns 8% per year, it would be worth $10,000 30 years from now.

Save a little now, pay yourself a lot more later. I think if more people understood the basic concept of compounding interest, a lot more people would save a little bit of money. This stuff should be a mandatory part of the curriculum in high schools.

Re: Do you live within your means?
 

Better yet, if you put $1000 in an account each year for 30 years straight, at the end of that 30 years you'll have $122,000 if the account earns 8%.

That's $30,000 in over 30 years, $122,000 out at the end.

Re: Do you live within your means?
 

[quote=Schneed10;627820]I got ya now. I honestly can't say I know anyone that frugal. That sounds like living in a prison.

I do have a problem though with people who live beyond their means even when they don't need to. People who get laid off and are forced to dip into savings and go into debt, that's sad and I feel for them. But this guy who works for me (so he makes less than me) lives in a 3000 square foot house (pretty sizeable for Philly suburbs) while mine's about 2100, and drives a BMW while I drive a Toyota. Then he has the gumption to whine about how his electric service is about to be shut off because he's been missing too many payments.

I don't feel envious of the lifestyle he lives, I just want to shake the stupid out of him. Is the bigger house and the nicer car really worth the stress of feeling that strapped for cash? I'd much rather scale down and not have to worry about money than be house-rich and cash-poor.[/quote]


I hate those folks as well.

This guy I use to work with got laid off. I see him on Xbox the other night and ask if he has a new job yet (been about 6 mths since lay off), he says no and in 30 days his family 6 will be belly up. Yet, he is playing COD MW 2 and I look at his game libary and he has like every new game! I felt guilty buying COD since Xmas is around the corner, this f--king guy has no job and a family to feed and he is out blowing money on games! Crazy.

Re: Do you live within your means?
 

If I buy one of these would I be going past my means.
[url=http://www.youtube.com/watch?v=UO4cw565V98&fmt=18%3e]YouTube - WaterCar - Amphibious Car Python Edition at Lake Havasu and Newport Beach CA "American Deamin"[/url]

Re: Do you live within your means?
 

I think im one of those over-savers. I go broke all week because im trying to pay for my wedding. I wouldnt really consider my situation living above my means because i penny pinch, im just the type of person that if i have money on me ill spend it. So if i put it in savings i cant spend it on impulse purchases.

Re: Do you live within your means?
 

[quote=mredskins;627579]Not trying to be a jerk but did you not get your mortgage free home when your mother in law passed? That puts you way ahead of the game.[/quote]

Are you serious? This dude got his parents house after they passed away and he is seriously bragging about how much he saves? No wonder, I wish I got a nice free handout like that, shame on him for being a braggart! Cant stand people all high and mighty bragging when they have a huge bone like this tossed to them. I have a mortgage, have had one for 15 years now and am still paying on my damn student loan! I do not have any credit card debt and my car is nothing flashy but its paid for - yet I still have times when its a paycheck to paycheck month. I am able to contribute only 5% into my 401K but my hospital doest not match a dime. Im not whining or complaining, I do love to travel and love going to Vegas. Life is too short to plan on living when you are old and retired. I work in the healthcare industry and I see what the golden years look like. Its golden pee stained! Live your life along the way, enjoy the ride but at the time try to be somewhat responsible.

Re: Do you live within your means?
 

[quote=doxiechic12000;628017]Are you serious? This dude got his parents house after they passed away and he is seriously bragging about how much he saves? [B]No wonder, I wish I got a nice free handout like that, shame on him for being a braggart![/B] Cant stand people all high and mighty bragging when they have a huge bone like this tossed to them. I have a mortgage, have had one for 15 years now and am still paying on my damn student loan! I do not have any credit card debt and my car is nothing flashy but its paid for - yet I still have times when its a paycheck to paycheck month. I am able to contribute only 5% into my 401K but my hospital doest not match a dime. Im not whining or complaining, I do love to travel and love going to Vegas. Life is too short to plan on living when you are old and retired. I work in the healthcare industry and I see what the golden years look like. Its golden pee stained! Live your life along the way, enjoy the ride but at the time try to be somewhat responsible.[/quote]

[FONT=Arial]This is a colossal fail on my part. I should have not posted what I did. Matty has never acted like that, I beleive even his wife wrote in this thread how it was a blessing from a tradgey. [/FONT]
[FONT=Arial][/FONT]
[FONT=Arial]I really hope that you would not want a family member to die in order to be debit free. [/FONT]
[FONT=Arial][/FONT]
[FONT=Arial] [/FONT]

Re: Do you live within your means?
 

[quote=doxiechic12000;628017]Are you serious? This dude got his parents house after they passed away and he is seriously bragging about how much he saves? No wonder, I wish I got a nice free handout like that, shame on him for being a braggart! Cant stand people all high and mighty bragging when they have a huge bone like this tossed to them. I have a mortgage, have had one for 15 years now and am still paying on my damn student loan! I do not have any credit card debt and my car is nothing flashy but its paid for - yet I still have times when its a paycheck to paycheck month. I am able to contribute only 5% into my 401K but my hospital doest not match a dime. Im not whining or complaining, I do love to travel and love going to Vegas. Life is too short to plan on living when you are old and retired. I work in the healthcare industry and I see what the golden years look like. Its golden pee stained! Live your life along the way, enjoy the ride but at the time try to be somewhat responsible.[/quote]
Your a first rate ass hole. The guy was not bragging, people where talking about their spending/saving. He even said he would perfer to have his mother-in-law back over having the house. Not all guys would say that. I'm guessing your job at the hosital is dumping bed pans and that explains alot of your anger issues.

Re: Do you live within your means?
 

[quote=mredskins;628024][FONT=Arial]This is a colossal fail on my part. I should have not posted what I did. Matty has never acted like that, I beleive even his wife wrote in this thread how it was a blessing from a tradgey. [/FONT]
[FONT=Arial][/FONT]
[FONT=Arial]I really hope that you would not want a family member to die in order to be debit free. [/FONT]
[FONT=Arial][/FONT]
[FONT=Arial] [/FONT][/quote]

The colossal fail was on doxiechic's part. Completely classless.

Re: Do you live within your means?
 

[quote=mredskins;628024][FONT=Arial]This is a colossal fail on my part. I should have not posted what I did. [B]Matty has never acted like that, I beleive even his wife wrote in this thread how it was a blessing from a tradgey[/B]. [/FONT]
[FONT=Arial][/FONT]
[FONT=Arial]I really hope that you would not want a family member to die in order to be debit free. [/FONT]
[FONT=Arial][/FONT]
[FONT=Arial] [/FONT][/quote]

doxiechic12000=jackass

jackass=read a few posts in the thread before commenting next time

Re: Do you live within your means?
 

[quote=CRedskinsRule;627806]hopefully y'all like me enough when it's time to get Social Security, right?[/quote]

i'll start a metro bus/mobile ad for a collection fund, should be able to get you around $1500

Re: Do you live within your means?
 

[quote=mlmdub130;628035]i'll start a metro bus/mobile ad for a collection fund, should be able to get you around $1500[/quote]

:rofl: well played sir

Re: Do you live within your means?
 

Not to mention that was the site owner and administrator you just tore up. Unwise.

See ya, have fun on extremeskins!

Re: Do you live within your means?
 

[quote=firstdown;628011]If I buy one of these would I be going past my means.
[URL="http://www.youtube.com/watch?v=UO4cw565V98&fmt=18%3e"]YouTube - WaterCar - Amphibious Car Python Edition at Lake Havasu and Newport Beach CA "American Deamin"[/URL][/quote]
And if you put all those " bikini babes " in your ride , your wife might kick your ................. :)

Re: Do you live within your means?
 

I am on disability and try to live within my means.
Been doing so for nearly four years and counting!

Re: Do you live within your means?
 

[quote=mredskins;628024][FONT=Arial]This is a colossal fail on my part. I should have not posted what I did. Matty has never acted like that, I beleive even his wife wrote in this thread how it was a blessing from a tradgey. [/FONT]

[FONT=Arial]I really hope that you would not want a family member to die in order to be debit free. [/FONT]

[/quote]


No worries, it was not taken that way. When my mom died, I had alot of guilt about what I inherited. In fact it caused some serious family problems, even though I am an only child and my mother had a will.

I have recently begun to get over this. Other people will always have their issues and its just that- their issues. I can't help the position I'm in and you know what, I'm not going to apologize for it either.

Like I said before, my parents worked hard for this so that they could enjoy it, and eventually me. Well eventually is here sooner then any of us wanted. All I can do is follow in thier footsteps and that is exactly what I plan to do.

Re: Do you live within your means?
 

[quote=olive523;628217]No worries, it was not taken that way. When my mom died, I had alot of guilt about what I inherited. In fact it caused some serious family problems, even though I am an only child and my mother had a will.

I have recently begun to get over this. Other people will always have their issues and its just that- their issues. I can't help the position I'm in and you know what, I'm not going to apologize for it either.

Like I said before, my parents worked hard for this so that they could enjoy it, and eventually me. Well eventually is here sooner then any of us wanted. All I can do is follow in thier footsteps and that is exactly what I plan to do.[/quote]

If your the only child no one had any business getting mad over what your Mom left you and you should feel no guilt. Your Mom cared about you thats why she took the time to get a will and alot of people never bother to do that. Parents work hard for what they have and I think most want to leave something behind for their children. My parents have a home on the water and a cottage at the beach in NC. My parents sat down with me and my sister and we talked about the subject. I wanted the house and she wanted the cottage. She wanted a few things out of the house like a few peices of furniture passed down through the family we agreed on those things. My parents then had the will done and I hope its a longf time before we ever have to read that thing but they feel better its done.