|
||||||
| Personal Finance News, Articles & Blog Posts Come across personal finance news, articles or blog posts that you really liked and want to share? Place them here. |
![]() |
|
|
LinkBack | Thread Tools |
|
||||
|
Actually, that is a more sound plan. Historically (recent past aside), homes are appreciating assets while vehicles are depreciating. It makes a lot more sense to spend your money on something that will grow in value.
__________________
Steve * 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. |
|
|||
|
What about wanting it all? House, car, investments, etc? It just seems when you are responsible you can't have it all. There are always more responsible uses of money.
__________________
LivingAlmostLarge Blog |
|
||||
|
Quote:
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 * 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. |
|
|||
|
I read that as well and quite few others say as long as you are saving 10% then the rest should be covered. But the 90% doesn't seem to be quite enough sometimes. Maybe in the future?
__________________
LivingAlmostLarge Blog |
|
||||
|
I don't think the 10% figure is enough. I'd say at least 15% and preferably higher. As I said, we save at least 20% (more like 22% or so currently I believe) and I really don't care a whole lot about exactly how the remainder gets spent. As long as all the savings goals are being met, I don't see that it really matters what percent goes to food, how much goes to travel, what gets spent on entertainment, etc.
__________________
Steve * 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. |
![]() |
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
|
|