saving money. vs. living for the moment.

[Halfwit]

my mind swaps back and forth between the two many times a year.

want to see what ppl think, i know alot of ppl will say that they try to find a medium between thetwo, but WHAT I WANT TO KNOW is what is your philosophy on this>?

poll.

[quickdodge®]

If anyone has any iota of a brain that is functional, they would tell you to save that shit.

I'll be honest. I wish I were as young as some of you are and were working and saving my money. I'm 37 and I don't have shit. Seriously. What I have in my home is what I have period. Fortunately for me, I have no future worried because money is plentiful in my family. Now this doesn't mean that I have not worked and just lived off of parents. I've worked daily since I was 15. But I never knew the value of saving. Save. Save. Save. You'll never know the joy when you get a few years down the road and you have a nice savings account to look into. Later, QD.

[Halfwit]

i lean more to saving, but sometimes my mind hits me with the "your not promised tomorrow" philosophy and i "splurge"

i believe i am pretty smart when it comes to managing my money, budgeting myself, and planning.

but how far do soem ppl take it?
not buying anything but whats needed, and saving for later?

["B"]

My entire life has been about spending money. I have always figured that I would die eventually, so what is the point of having money saved? I can't spend it when I am dead, so I was going to live in the moment.

Now I have children and I am starting to try to save for their future stability. If I die now, they will have a much harder life, financially speaking. Hopefully in a few years, they will not have to worry so much about that.

[quickdodge®]

but how far do soem ppl take it?
not buying anything but whats needed, and saving for later?

You don't have to save every penny to accumulate a decent savings. If you save right, you can still have a very good present life to go along with your future one. Later, QD.

[Lucky DAWG]

i would like to say save, especially considering that i have my first huge bills coming up for the next 4 years going to college. If i have had to pay for anything in the past it was menial and non important things like clothes, food, gas, or a movie ticket. Now i have to look towards paying for my education and where i'm living and such.

It hasn't hit me yet because i haven't recieved the bill which is ignorant of me because i continue to blow my paychecks on things like upgrades for my car, video games, dates, alcohol, and newer gadgets.

Its not that my mentality is one of living in the moment because i want to be succesful later in life, its just that i am often short sited and buy things that give me instant gratitude. I guess i find myself thinking at times maybe if i have the coolest car, or the coolest phone, or go blow my money with a huge crowd of kids one night with nothing on my mind that opportunity will come knocking at my door instead.

its stupid

SAVE, SAVE, SAVE period. whether or not i realize its what i should be doing; it is by far the right mentality because you have no idea what is around the next corner. IT doesn't mean you give up on what you love doing, just do less of it and keep your budget in mind

i have some growing up to do when it comes to my realization of the real world and i fully realize it. Hopefully i will learn to save my money before i make the same mistakes as others i know.

/rant

[BluesClues]

Saving money can save your ass in the future. If it wasn't for me saving money and having accounts every where. with no job right now I would be in a lot of trouble. I am working towards getting another job right now so I don't have to spend all of my savings because when I move I want to have money on the side in case of emergencies

[Halfwit]

problem with americans: want instant satisfaction.

[apex]

if you live in the moment you'll be finding yourself living the moment in a cardboard box.

save ftw, it also shows fortitude that you have control over your finances...

[sleepys4]

i would like to say save, especially considering that i have my first huge bills coming up for the next 4 years going to college. If i have had to pay for anything in the past it was menial and non important things like clothes, food, gas, or a movie ticket. Now i have to look towards paying for my education and where i'm living and such.

It hasn't hit me yet because i haven't recieved the bill which is ignorant of me because i continue to blow my paychecks on things like upgrades for my car, video games, dates, alcohol, and newer gadgets.

Its not that my mentality is one of living in the moment because i want to be succesful later in life, its just that i am often short sited and buy things that give me instant gratitude. I guess i find myself thinking at times maybe if i have the coolest car, or the coolest phone, or go blow my money with a huge crowd of kids one night with nothing on my mind that opportunity will come knocking at my door instead.

its stupid

SAVE, SAVE, SAVE period. whether or not i realize its what i should be doing; it is by far the right mentality because you have no idea what is around the next corner. IT doesn't mean you give up on what you love doing, just do less of it and keep your budget in mind

i have some growing up to do when it comes to my realization of the real world and i fully realize it. Hopefully i will learn to save my money before i make the same mistakes as others i know.

/rant

Good post +1

[Maniaç]

this is how i was brought up. save money, and if you have enough to do what you want with it, do what you want.
of course, you always have your times when you are not so lucky and have enough to do what you want. luckly im on my way to having pretty decent money saved up. and still be able to add more things to my car.

but to all the 12-18 year olds. save your fucking money.

[Vteckidd]

little bit of both IMO.

I save money for rainy days and i dont splurge all the time. about every 6 months ill buy some shit i know i dont need, like an XBOX, or car parts, TV, etc.

depends on what kind of money you make.

[Julio]

save bro.. dont plan on social security helping you when you are old.
401k,Roth, Cd's alot of shit out there for you to save and if you are smart, maybe retire a millionare working for someone else.

Unless you plan on starting your own business or winning the lottery.... save money.. save for your future (invest) and save for rainy days.

The younger you start investing in a simple 401k or roth accounts the better chances you have to retire with over a million bucks working for someone else.

You can still have fun and enjoy your $$. Just have to be smart about it.

[Halfwit]

i try, i have jsut started a job that is "promising" and better than any job ive ever had, i only have 3% going ot 401k, but company matches up to 6% so next time im able i think ill put it up to 6%.

not too interesteed in "investing, cd's,bonds ect" right now, mainly focusing on stacking a nice amount of money into a few savings accounts and checking. i have certain numbers i want to reach by certain ages.

[Maniaç]

in away i agree with julio.
but this is how i see it.. im young, so ill do this, save alittle but of money.. mod my car. save more money.. blah blah blah.
i know that in tne future my car isn't gonna be worth shit, but today, now. this is my passion and nothing is gonna stop me from doing what i love and care so much about.

[Julio]

i try, i have jsut started a job that is "promising" and better than any job ive ever had, i only have 3% going ot 401k, but company matches up to 6% so next time im able i think ill put it up to 6%.

not too interesteed in "investing, cd's,bonds ect" right now, mainly focusing on stacking a nice amount of money into a few savings accounts and checking. i have certain numbers i want to reach by certain ages.

Stacking? If you plan on saving money.. might aswell invest wisely.

short term CD's are good. I rather have my money earning better interest % then sitting in a dead beat low interest savings account that almost ALL big names banks have. tradional savings accounts are a joke , unless you look into CD's, Bonds, Money Market.

If you dont want to lock your money with CD's and want access to your money in case of an emergency..

Look into online banking.. HSBC, ING, CITI, they all privide great rates and easy to use.

I have an HSBC and ING account.. Im more active with my HSBC due to them paying 5.05 % right now and ING I think is at 4.75.. WAY more then local banks and big name banks around here.
And you can move your $$ when ever, with no penalty.

Just keep in your checking account what you pay bills with. Do not save money using your checking accounts. Your wasting your time.. even with the ones that pay interest. There interest rates are SUPER lame... and not worth time. Make your money work for you.

www.bankrate.com > great resources for finding good interest rates.

[Julio]

in away i agree with julio.
but this is how i see it.. im young, so ill do this, save alittle but of money.. mod my car. save more money.. blah blah blah.
i know that in tne future my car isn't gonna be worth shit, but today, now. this is my passion and nothing is gonna stop me from doing what i love and care so much about.

I'm telling you bro.. The younger you are... the better it is... to save an earn!

START SAVING NOW..

Lets say you are 18 years old... open a ROTH account and if you have the power to save/invest atleast $3000 a year until age 24 to 25.. you can leave all that money there and not save a dime until you hit 60 and have over a million bucks....

You can still have fun and save money...

But you dont have to listen to me about this.. Im only 28 years old...

I hope the older members on here chime in and let you guys know.

[Julio]

Look at it this way...

Wouldnt you rather be 40 to 45 years old traveling the world ?

OR

60 to 75 greeting and checking receipts at walmart ?


Social security is not enough fellas...

[Maniaç]

I'm telling you bro.. The younger you are... the better it is... to save an earn!

START SAVING NOW..

Lets say you are 18 years old... open a ROTH account and if you have the power to save/invest atleast $3000 a year until age 24 to 25.. you can leave all that money there and not save a dime until you hit 60 and have over a million bucks....

You can still have fun and save money...

But you dont have to listen to me about this.. Im only 28 years old...

I hope the older members on here chime in and let you guys know.

you say the same shit my dad does.. and yes you're 28. 8 years older then i am, i make an average of 30-40k a year. but i also pay, 600 a month for my car, 200 for insurance, aboiut 150 for gas. and maybe acouple dollars here and there for food.
im almost done "right" now with my car. i just need a tune and acouple more exterior mods and im done. for maybe half a year. thats when im really gonna save as much as i can.
+2 for your grown up words. oops

You have given out too much Reputation in the last 24 hours, try again later.

[Julio]

you say the same shit my dad does.. and yes you're 28. 8 years older then i am, i make an average of 30-40k a year. but i also pay, 600 a month for my car, 200 for insurance, aboiut 150 for gas. and maybe acouple dollars here and there for food.
im almost done "right" now with my car. i just need a tune and acouple more exterior mods and im done. for maybe half a year. thats when im really gonna save as much as i can.
+2 for your grown up words. oops

You have given out too much Reputation in the last 24 hours, try again later.

hahah making me feel old.. damn! Talking like your dad!

Open up a 401k when your young.. max that bitch out if you can...

[Halfwit]

i have been wondering abou the ING accounts. may look into it this week. i love the "let your money work for you" philosophy.

i dont make alot of money by any means, but at 19 i am happy with wha i make, and have no car payment, NO LOANS and it only takes 1 +1/2 weeks to pay all my bills out of the month.(gas/food/EVERYTHING) ( the whole id rather have a BALLER car if i want when im a lil older then a semi nice car now,) so ill drive hondas now , get whatever i want later.

[quickdodge®]

I hope the older members on here chime in and let you guys know.

You missed my first post? Lolol.

He's right, folks. I just opened an account with Edward Jones and, going through the numbers, if I had started investing in 1987 and checked it today, that money($200/month) would be worth about $611,000 right now. I'd still have 22 more years to work. That would put me at well over $1.2mil. Later, QD.

[Maniaç]

hahah making me feel old.. damn! Talking like your dad!

Open up a 401k when your young.. max that bitch out if you can...

haha, ill look into that in the near future.

[quickdodge®]

haha, ill look into that in the near future.

You don't have to put a shit load in it. $20-30/week will get a decent start. Later, QD.

[Maniaç]

You missed my first post? Lolol.

He's right, folks. I just opened an account with Edward Jones and, going through the numbers, if I had started investing in 1987 and checked it today, that money($200/month) would be worth about $611,000 right now. I'd still have 22 more years to work. That would put me at well over $1.2mil. Later, QD.

damn, i guess if you really think about it, its fucking worth it. might be easy for Americans, don't know how easy it is for Latinos.

[Halfwit]

i think i could push myself to put about 200/month into some sort of ing/hsbc account.

browsing hsbc as of now..lil confusing seeing as how im new to it, but ehh

[Julio]

damn, i guess if you really think about it, its fucking worth it. might be easy for Americans, don't know how easy it is for Latinos.

I will have over a million bucks by the time im 50.. maybe earlier in my 401k. Put it that way actually,Im shooting earlier.. well see. .. and im latino..

So unless, I will the lottery and come with a kick ass idea that will bring 7 figures in the my bank.. I will atleast have that...


Doesnt matter what race you are... the resources are out there....... just learn how to use them..


Sorry I missed/skipped over your post QD... edward jones is cool... ( I wouldve stayed with Vanguard =] ) haha is ok, I have my dough with franklin templeton....

All I have to say is.. the more Microsoft and walmart move ahead... the more smilie faces I get

[Vteckidd]

well im heavily invested in a few companies on the stock market right now that i hope to see returns on soon. short terms big payoff investments .

Long term, i agree with julio, although i havent done anything about long term yet. End of this year i hope to be putting away $3000-4000 a year

[Maniaç]

I will have over a million bucks by the time im 50.. maybe earlier in my 401k. Put it that way actually,Im shooting earlier.. well see. .. and im latino..

So unless, I will the lottery and come with a kick ass idea that will bring 7 figures in the my bank.. I will atleast have that...


Doesnt matter what race you are... the resources are out there....... just learn how to use them..

i see, my dad always tells me to save cause he won't be around forever. i guess i really have to thikn about my money, the more older i get the more the money comes and goes.

[EssAreTwenTee]

my mind swaps back and forth between the two many times a year.

want to see what ppl think, i know alot of ppl will say that they try to find a medium between thetwo, but WHAT I WANT TO KNOW is what is your philosophy on this>?

poll.

You not happy with the trailer park anymore?

[Julio]

i think i could push myself to put about 200/month into some sort of ing/hsbc account.

browsing hsbc as of now..lil confusing seeing as how im new to it, but ehh

Dont know where you work.. hopefully they offer 401k... I would find out more about that 1st....

And if they do not offer, look into a ROTH account... Roth's accounts have weird restriction... but is targeted more for the middle class income earners.

401k you can use for the future.. savings accounts you can use for rainy days and earn good interest without locking your money with CD's , Bonds etc

Is def going to be confusing at 1st... But well worth it

[Maniaç]

You not happy with the trailer park anymore?

rep'd. take that shit to another thread.

[Julio]

You not happy with the trailer park anymore?

I hope this is a joke ?

[Kyle]

I save almost every penny I make. I rarely if ever make impulsive decisions. Every now and then I think you need to do something for yourself, which is why I am getting a newer nicer car.

[Julio]

well im heavily invested in a few companies on the stock market right now that i hope to see returns on soon. short terms big payoff investments .

Long term, i agree with julio, although i havent done anything about long term yet. End of this year i hope to be putting away $3000-4000 a year

Stocks are great... I just dont have Balls that big.. lol

I think stocks are great if you are willing to spend time into them...


Stocks reminds me of when I was little and use to trade baseball cards and shit... to many risk...

But is a great way to make $$$ if you are brave,smart and have huge guts...

I just dont have huge guts.

[Maniaç]

julio, i can't stop staring at your long fucking sig. hahaha!

[SLow_POke]

GREAT INFO JULIO > > > >> > ...........

[Halfwit]

Dont know where you work.. hopefully they offer 401k... I would find out more about that 1st....

And if they do not offer, look into a ROTH account... Roth's accounts have weird restriction... but is targeted more for the middle class income earners.

401k you can use for the future.. savings accounts you can use for rainy days and earn good interest without locking your money with CD's , Bonds etc

Is def going to be confusing at 1st... But well worth it

YOU QUOTED ME A FEW MINUTES AGO TALKING ABOUT MY 401K

i dont live in a trailor park, i live in a house. he is amd because i made fun of his graphics on his ugly ass car.

i said my company matches up to 6% on a 401k, right now i am at 3%(so its 6% cause they match) but will put it at 6% next chance i get.

[Julio]

YOU QUOTED ME A FEW MINUTES AGO TALKING ABOUT MY 401K

i dont live in a trailor park, i live in a house. he is amd because i made fun of his graphics on his ugly ass car.

i said my company matches up to 6% on a 401k, right now i am at 3%(so its 6% cause they match) but will put it at 6% next chance i get.

Thats great... match once you can.. and you will be good to go!

[Maniaç]

this is rare to me to like a thread, i had a great time reading this shit. seriously. +5 stars.