What are you saving for?

[veronak]

I know we all are pretty much saving for something but I wanted to know what everyone else was saving for me a new home and retirement, what about you?

[brizzad]

Re: What are you saving for?

Very short term: Vacation this summer with my g/f to schlitterbahn waterpark, and then another to a beach in Florida

Short Term: New paint job and rims for my car

Long Term: Trying to save, invest, and re-invest to get to the magical 7 figure balance.

[robex]

Re: What are you saving for?

very short term: new kitchen countertops

short term: trip to Disneyland for dh, myself, and 3 dks

long term: completely paid off mortgage and early retirement

[FrugalDiva]

Re: What are you saving for?

hummm, I am just saving to move! lol

[Lemony]

Re: What are you saving for?

Very short term: pay off the new van (should take 5 months)

Short term: Trip to Portugal for me, dh & 3 kids

Long term: Mortgage & retirement.

[JoyJoy]

Re: What are you saving for?

Saving because we finally can afford to and to pay the high property taxes on our home each year.

[zoe]

Re: What are you saving for?

To be mortgage free!

[Haku]

Re: What are you saving for?

Short term: The student loan must die! Also, saving for the eventual demise of my vehicle.

Long term: Why, retirement of course!

[boefixepa]

Re: What are you saving for?

1. Pay off second
2. Six month emergency fund
3. Wedding -- course I still have to find the guy-- that's harder!
4. New home with more land for more dogs...I'm a dog sledder as a hobby. Still not very good though.
5. Long term - retirement and investment savings.

[eisor]

Re: What are you saving for?

Very Short Term:
1. Parking Fees, Gas, Books and other expenses for Summer semester
2. Ditto for Fall semester.
3. New Car
4. A few minor medical expenses

Short Term:
1. Wedding
2. Honeymoon
3. LASIK
4. Dental Work
5. Tuition for my last semester in college

Long Term:
1. Retirement (Haven't quite been able to start saving for this yet, but it is a goal.)
2. Home (purchased with cash)

I'm sure I left something off.

[TBH]

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.

[Ima saver]

Re: What are you saving for?

short term
pay off car
pay off mortgage on land

long term
save enough money to live on the interest

[Fern]

Re: What are you saving for?

While i'm saving to hit $1 million, deep down, i'm really saving for security.
Security so that i can live a nice retiremetn, pay my health insurance and other bills, etc.

[abowers]

Re: What are you saving for?

hmm -- i will be going back to grad school this summer, so i'm pretty much saving for extra money for living expenses (emergency fund, I guess).

We're also hoping to get a dog later this summer when we move to a different apartment.

Other than that, continuing to pay rent, work on paying off the car, the undergrad loans.
I won't be dealing with saving for retirement until I finish my master's degree (spring 2008, age 24 - almsot 25) because as it is I will be taking out loans while I work on my master's.

Edit:
Vacation would also be nice, but I'd have to have enough vacation time accrued at work for that to even matter.

[lrjohnson]

Re: What are you saving for?

Again I align myself with Fern. I save for security.

No short term goals, I'm fine there0no unmet needs and my wants are paid for too-but I would like to be a homeowner and retire with security.