I don't know about you guys, but I'm the type that likes to save more than I spend. I don't know why, it's not even one of the guidelines in my faith to keep so much of the money you have.



But before I was 21, I saw $10k in my savings acct.



I'm the type, however, that still believes money shouldn't stand in the way of a good time. If I can't afford to drop $30-60 on a Rock concert, Snowboarding up at the mtns, or $20 a week on going out to eat, I should reconsider my finances.



I've never been in debt to anything besides a cell phone and insurance, until now. My FD has a small loan on it (Sub $6k) and so I have that as an added monthly bill now.



I've gone from saving $500+ a month to almost nothing. There's hope of a raise and some commission checks very soon, but I still hate the idea of not saving much.



I also just took on voice lessons which is another $120+ a month, and judging by my vigor for a musical future, I may reconsider where I spend/save my money. Just sucks that things like buying contacts, paying for B-day gifts, and such are actually taking away my chance to save more money. I should be doing this easily, should I not...



How much (If not a dollar amount, then percentage) do you save a month?



https://www.nopistons.com/forums/pub...IR#>/happy.png

I save pretty much nothing. I'm another one of those paycheck-to-paycheck, over $2,000 in credit card debt Americans.



It seems like any time I get a sum of money in the bank, we go out of town, or something that drops it back down to next to nothing. I have assets though, so I'm not real worried. I also realize I'm pretty much ahead of the game for my age. Sure I have trouble paying for bills and such, but we have 3 running cars (2 not running), a motorcycle, a large house that's paid for (given to us), and I have a secure job that pays more than what most people my age (22) are getting. But I'll have less than $50 in my account before my next paycheck.

LOL You want to edit that sentence?



I could imagine not saving money would be a little better if one of my monthly bills was toward a mortgage, or something like Real Estate that appreciates or at least stays the same.



It also, like you said, depends on your situation and where that money is invested. I just hate not seeing my savings rise. I still have thousands in the bank I guess I'm just used to and liked seeing it go up and up...

No, I have 3 cars that run, a Hyundai and 2 rx-7s, and 2 cars that don't run, another rx-7 and a Nissan (which runs, but I haven't driven it in months, about to sell it).



I guess the big difference for me is saving up for something. There's nothing that I need to save up for, except maybe an emergency fund, so I don't have a problem with not having a good savings stashed away. If I didn't have a house or car, or wasn't already married, I might be wanting to save up for something. And as for kid's college fund (he's 3), he has more money than I've ever had at one time, so I don't feel that I have to contribute to that (for the time being, anyway).

It would be nice though not to have to worry about "can we buy groceries this week?"



Althought that does not happen all the time,when it is paycheck to paycheck, sometimes life can get hectic.

I'M RIATCH BIATCH

A word to the wisest of you young guys (and gals): Start saving now. Put something away every year, preferably in an IRA. If you don't, when you're an old fart, you'll be living in a box unless your kids are rich.



You should consider 10% of everything you make to be totally off-limits and save it.



I didn't follow my own advise, but you can benefit from my wisdom. https://www.nopistons.com/forums/pub...1047683785.gif

I consider 20% off limits and hand it to the tax man, he's gonna take care of me when I get older.

10K put in a 401K before you are 24 will pay off BIGTIME when you are 55

If I make money at my job I would save it, but I get Mommy I love you for my pay!