Quote:
Originally Posted by LivingAlmostLarge
What about wanting it all? House, car, investments, etc? It just seems when you are responsible you can't have it all.
|
I don't think that's true. It is just a matter of prioritizing and making sure the more important things are taken care of first. Fund the EF. Contribute to the retirement plan. Set money aside for your next car and vacation and children's education. Learn to live on what's left after the important needs are met.
About 20% of our gross income goes to savings. Another 25-30% goes to taxes and health insurance premiums. That means we actually live on just 45-50% of our gross income. Could we be saving and investing even more and living on less? Sure. There are luxuries in our budget that we could cut out: cable, Netflix, dining out, travel, etc. but we have found a balance that let's us "have it all" while still being responsible.
__________________
Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.