I'm currently saving for a vacation this fall. That's my smaller, short-term goal. I'm also trying to save to move to a new home and neighborhood. That's the biggie. I'm cutting back on non-necessities, especially dining out and entertainment, to reach my goals.
Right now my goal is to start saving towards retirement which is still several years down the road. I am lucky to be enrolled in a 401k plan that is matched by my employer. I give a hefty amount towards it.
One of our goals is to save a year's worth of essential expenses for our emergency fund. We're about 65% of the way there; it'll probably take another year and a half to get it fully funded at the rate we're going.
Another goal is to have a fully funded HSA; We're about 1/3 of the way there; I'm hoping by March 2017 we'll meet our goal. We have automatic deductions and my work contributes about $1,000 a year.
We also have a sinking fund for insurance and auto repairs; that's fully funded.
I don't have much in the way of a savings account at this time. Mostly I just try to save money overall in daily living. Many expenses have been eliminated (satellite t.v., etc.) and the money saved from those is being applied to a loan. Once that loan is paid off, the total combined amount will be applied to the mortgage.
As soon as my husband and I turned 45, retirement savings became the priority. We had 401Ks and and IRA, but needed more, and more diverse, savings. We started by putting every spare dime toward our mortgage and paid it off in 13 years instead of 30. Next, we used the equity to finance a rental property. We live in one unit and rent our house and the other rental units. This meant downsizing, which saves us on utilities and we buy much less since we don't have the room to store it. We still contribute to our retirement accounts, but now know we have an income no matter what happens on the stock and bond markets. We don't eat out much, watch Hulu instead of going to the movies or paying for cable and drive older, but reliable, vehicles. Our fire pit is at the center of our summer and fall entertaining and walking the dogs beats a gym membership. Overall, we feel comfortable with our retirement plan and how we spend our money.
My savings goals are to save up an emergency fund which will take a year or two and to save up a vacation fund which will take 4-5 years. I've trimmed my expenses and am taking on more sidegigs to reach my goals.
I have two savings goals. One is to further pad my emergency fund. By being more conscious of spending and intentionally setting aside money before I have a chance to touch it, I should be able to meet that in 6 months. The other is to start adding more to retirement. It's accomplished in the same way, but is ongoing.
Retirement, Vacations, and College (in that Order). I want to be able to have enough to retire and still enjoy life without being a burden to my children. I want to be able to enjoy life while they are young and then after they are gone. I want to be able to give them a bit of a head start on their lives so that they can become self-sufficient.
I am saving money to buy land and build a cabin. Its tough as most money I earn is already pegged for expenses and other savings. I use all change and dollar bills and other extra money I have left over. It is very slow going.
I'm working on building my emergency savings and surviving this year. This should be the last year of grad school for me, so there is a lot of uncertainty coming in terms of jobs, so I'm building savings to deal with that.
I'm saving for financial independence. My current goal is to max out my IRA ASAP. I've put $1,500 in it so far this year - and that was just in the last month. I've got some catching up to do. I've got some catching up to do with my retirement savings, too. I want to get to $100,000 in investments as soon as possible. That's why maxing out my IRA ASAP is so important.
I have almost never commented on a blog like this but these expectations from a seasoned property business owner seem to be from the 1950's. forty years for a refrigerator, 40 years from an oven, 30 years from a dish washer (did they even make dish washers 30 years ago?) and I live in Las Vegas good luck with 45 years on your central air. I have to say that the original poster was very close to accepting the realities of today's conditions and build standards. You should not take these as guidelines for your appliances, the fact is that it would cost you more to run a 30 year old appliance than it would to buy a new one and run it for two years. There are more things to consider than it just runs.
We decided not to own a TV when we got married in 1968. The younger kids read books a lot, but the younger kids got into computers. They say the average American watches 9 years of TV lifetime. I wonder how much that will go up when the computers and smart phones are added in...maybe 20 years of one's life spent watching "screens"??
My goal now is to be debt free! I plan to have my car and student loans paid off in the next three years.
I never wear jewelry when travelling, just a cheap watch, to avoid attracting attention.
I'm currently saving for a vacation this fall. That's my smaller, short-term goal. I'm also trying to save to move to a new home and neighborhood. That's the biggie. I'm cutting back on non-necessities, especially dining out and entertainment, to reach my goals.
I am currently saving for a new car.
Right now my goal is to start saving towards retirement which is still several years down the road. I am lucky to be enrolled in a 401k plan that is matched by my employer. I give a hefty amount towards it.
One of our goals is to save a year's worth of essential expenses for our emergency fund. We're about 65% of the way there; it'll probably take another year and a half to get it fully funded at the rate we're going.
Another goal is to have a fully funded HSA; We're about 1/3 of the way there; I'm hoping by March 2017 we'll meet our goal. We have automatic deductions and my work contributes about $1,000 a year.
We also have a sinking fund for insurance and auto repairs; that's fully funded.
I don't have much in the way of a savings account at this time. Mostly I just try to save money overall in daily living. Many expenses have been eliminated (satellite t.v., etc.) and the money saved from those is being applied to a loan. Once that loan is paid off, the total combined amount will be applied to the mortgage.
As soon as my husband and I turned 45, retirement savings became the priority. We had 401Ks and and IRA, but needed more, and more diverse, savings. We started by putting every spare dime toward our mortgage and paid it off in 13 years instead of 30. Next, we used the equity to finance a rental property. We live in one unit and rent our house and the other rental units. This meant downsizing, which saves us on utilities and we buy much less since we don't have the room to store it. We still contribute to our retirement accounts, but now know we have an income no matter what happens on the stock and bond markets. We don't eat out much, watch Hulu instead of going to the movies or paying for cable and drive older, but reliable, vehicles. Our fire pit is at the center of our summer and fall entertaining and walking the dogs beats a gym membership. Overall, we feel comfortable with our retirement plan and how we spend our money.
I am saving for a retirement.
Save money for a down payment on a second rental property while continuing to pay off my student loans.
My savings goals are to save up an emergency fund which will take a year or two and to save up a vacation fund which will take 4-5 years. I've trimmed my expenses and am taking on more sidegigs to reach my goals.
I have two savings goals. One is to further pad my emergency fund. By being more conscious of spending and intentionally setting aside money before I have a chance to touch it, I should be able to meet that in 6 months. The other is to start adding more to retirement. It's accomplished in the same way, but is ongoing.
We're socking it away for down payment on a home.
I'm saving up for a house and for retirement!
Retirement, Vacations, and College (in that Order). I want to be able to have enough to retire and still enjoy life without being a burden to my children. I want to be able to enjoy life while they are young and then after they are gone. I want to be able to give them a bit of a head start on their lives so that they can become self-sufficient.
We're trying to save to buy a new HVAC unit.
I am saving money to buy land and build a cabin. Its tough as most money I earn is already pegged for expenses and other savings. I use all change and dollar bills and other extra money I have left over. It is very slow going.
I'm working on building my emergency savings and surviving this year. This should be the last year of grad school for me, so there is a lot of uncertainty coming in terms of jobs, so I'm building savings to deal with that.
I'm saving for financial independence. My current goal is to max out my IRA ASAP. I've put $1,500 in it so far this year - and that was just in the last month. I've got some catching up to do. I've got some catching up to do with my retirement savings, too. I want to get to $100,000 in investments as soon as possible. That's why maxing out my IRA ASAP is so important.
thanks,I made a dog toy form Bark Post. With the water bottle. Don't use the caps
I dine out once per month.
I eat out with my family about once a week.
I usually eat out once a week at a fast casual place that's fairly inexpensive.
I have almost never commented on a blog like this but these expectations from a seasoned property business owner seem to be from the 1950's. forty years for a refrigerator, 40 years from an oven, 30 years from a dish washer (did they even make dish washers 30 years ago?) and I live in Las Vegas good luck with 45 years on your central air. I have to say that the original poster was very close to accepting the realities of today's conditions and build standards. You should not take these as guidelines for your appliances, the fact is that it would cost you more to run a 30 year old appliance than it would to buy a new one and run it for two years. There are more things to consider than it just runs.
We decided not to own a TV when we got married in 1968. The younger kids read books a lot, but the younger kids got into computers. They say the average American watches 9 years of TV lifetime. I wonder how much that will go up when the computers and smart phones are added in...maybe 20 years of one's life spent watching "screens"??