Once again, this message board is a great resource. Everyone, thank you for your thorough replies and great advices.
You all pointed out something I have yet to do, which is locate a financial planner. I’ll do some research on this and report back. Poway Seller, I understand all your points, and sometimes have to re-read your posts 3 or 4 times because they are so full of great information.
I never thought about CD’s keeping up with inflation. I just simply thought at 4.95%, it’s better then .40% in a traditional savings account.
In other words, I looked at a CD as just a better place to put my money for the next year until I realize what I want to do. Perhaps I’ll only earn a few hundred in that year at 4.95%, but that is a few gallons of gas isn’t it? 😉
I need to do some thinking about personal goals as someone else had brought up. I approached this post with a “I need to save, and help me do it” attitude. You all have pointed out I probably should ask myself WHY I want to save, and how much I want to save, and what do I want to do with that savings, and when. These are all valid points I need to think about.
It’s great that there are like minded 26 year olds on this message board as well.
Has anyone ever thought about a Piggington User group? I can donate my Brother in Law’s resteraunt for a place to get some food and discuss / share and learn. It’s right off Santa Fe Drive in Encinitas.
