Re: What are you saving for?
Very short term: (next 1-2 years)
several items of furniture for the house
some minor home improvements
Short term: (3-5 years)
eventual car replacement
cross-country move in 3 years
house purchase in a more expensive area in 5 years
(hopefully without selling current house so we have rental income)
Mid-term: (7-10 years)
graduate school
ability for spouse to take time off from day job to write
Long term: (15 years or more)
college for son in 2021
retirement for spouse in 2029
retirement for myself in 2042
Wow, that's a long list. Mostly I'm just saving as much as I can. Half the stuff on this list will probably have to be given up because we won't be able to do all this AND save adequately for retirement.
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