Announcement

Collapse

Happy Thanksgiving - Stock Markets Are Closed

Happy Thanksgiving!

The stock markets in the United States will be closed on December 25th, 2021, in observance of the Thanksgiving Holiday.
See more
See less

What are you saving for?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    What are you saving for?

    I know that this is set up primarily as a challenge to save for an emergency fund, but it really can be used to save for anything. Is anyone doing it to save for something other than their emergency fund?

    #2
    Im using it to help save for a big cross country move in about 18 months.

    Comment


      #3
      I'm saving for my emergency fund this year. I hope one day I can do this challenge for something more fun

      Comment


        #4
        While mine is being primarily used to fund the emergency fund, next year I plan to use it for my vacation fund. That will make it even more of a fun challenge for me. Great question!

        Comment


          #5
          I'm using mine to add to my emergency fund, but I do intend to reward myself with a Keurig coffee maker that I've had my eye on for years!

          Comment


            #6
            I am primarily using this challenge to fund our emergency fund, like many others. Yet, we have discussed using this as a vacation fund as well. We even gave it a name, "Ecuador." Seems to make it seem like a reality that way!

            Comment


              #7
              Well, I wanna save something for a new car that I wanna buy. I wanna sell my old one and adding the saved money I could afford a new car.

              Comment


                #8
                I use the challenge to save for my future may be contingencies or for the future too.

                Comment


                  #9
                  I'm thinking I'll use it to open a Roth IRA

                  Comment


                    #10
                    For me there are 3 types of savings
                    1. Short term
                    2. Mid term
                    3. Long term


                    Short term is for any type of financial crunches (bills, medical expense, tax, etc) needed to paid at the month end.

                    Mid term savings is generally for buying house, holidays, etc.

                    Long term is retirement plan.

                    Comment


                      #11
                      Mine is a short term, need to pay for those new tires/new eye glasses/Insurance deductible right now instead of pulling out a credit card fund.

                      Comment


                        #12
                        I save mostly for my children's education. Also a part of saving goes for buying a new house. It is important to find a balance between saving for the things I needed and spending for daily needs.

                        Comment


                          #13
                          I'm trying to save for a car and then college.

                          Comment

                          Working...
                          X