Do you live within your means?

[GMScud]

I live within my means. I carry zero credit card debt, my fiancee and I only have one car payment, and we both are making enough to sock away a nice amount each month.

We're looking to buy a house within the next year to 18 months, and right now we only have rent and the basic bills. We both were fortunate enough to go through school without student loans. So it looks like home ownership will be a reality for us pretty soon. I just turned 31 and she's 27, and we feel like we're very early in our careers, so hopefully as experience/income increase so will the likelihood of a happy retirement. We'll see what happens when we have kids though.

[saden1]

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.

[CRedskinsRule]

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?

[mlmdub130]

Originally Posted by CRedskinsRule

hopefully y'all like me enough when it's time to get Social Security, right?

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

[CRedskinsRule]

Originally Posted by mlmdub130

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

well played sir

[Nomad]

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

[Schneed10]

Originally Posted by Nomad

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

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.

[Schneed10]

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.

[firstdown]

If I buy one of these would I be going past my means.
YouTube - WaterCar - Amphibious Car Python Edition at Lake Havasu and Newport Beach CA "American Deamin"

[budw38]

Originally Posted by firstdown

If I buy one of these would I be going past my means.
YouTube - WaterCar - Amphibious Car Python Edition at Lake Havasu and Newport Beach CA "American Deamin"

And if you put all those " bikini babes " in your ride , your wife might kick your .................

[JPPT1974]

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

[WaldSkins]

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.

[Schneed10]

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

See ya, have fun on extremeskins!