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UCGal
Participant[quote=jpinpb]UCGal – that is a good point. [/quote]
Huh? I can make good points without even posting in a thread… Now that is piggy power!!!!
lmao!
Participant[quote=jpinpb]UCGal – that is a good point. [/quote]
Huh? I can make good points without even posting in a thread… Now that is piggy power!!!!
lmao!
Participant[quote=AN]With regards to saving $4k/month. I don’t think that’s optimistic at all. As I said in prior post, we’re making less than $150k and we’re saving on average of $4k/month. We’re not even close to our parents in term of frugality. We go on vacations, we buy luxury cars, we eat out at fancy restaurants, etc. It’s all about setting goals and making saving for retirement as a priority.[/quote]
I agree with CAR about 8% being optimistic. Especially if you’re diversified to mitigate risk.
As far as $4k/month savings – if you’re contributing max to the 401k – that’s $2750/month for a 2 income household right there. Toss in the 529 contributions for your kids college fund… and your taxable investments and income… it’s not that hard to get to $4k. Especially if you have a habit of using employee stock purchase plans to fund savings/investing or annual bonuses being allocated for savings/investing.
We’re not at 4k… but we’re getting close. If they hadn’t decimated my bonus the last few years we would have hit the 4k average/month figure.
Participant[quote=AN]With regards to saving $4k/month. I don’t think that’s optimistic at all. As I said in prior post, we’re making less than $150k and we’re saving on average of $4k/month. We’re not even close to our parents in term of frugality. We go on vacations, we buy luxury cars, we eat out at fancy restaurants, etc. It’s all about setting goals and making saving for retirement as a priority.[/quote]
I agree with CAR about 8% being optimistic. Especially if you’re diversified to mitigate risk.
As far as $4k/month savings – if you’re contributing max to the 401k – that’s $2750/month for a 2 income household right there. Toss in the 529 contributions for your kids college fund… and your taxable investments and income… it’s not that hard to get to $4k. Especially if you have a habit of using employee stock purchase plans to fund savings/investing or annual bonuses being allocated for savings/investing.
We’re not at 4k… but we’re getting close. If they hadn’t decimated my bonus the last few years we would have hit the 4k average/month figure.
Participant[quote=AN]With regards to saving $4k/month. I don’t think that’s optimistic at all. As I said in prior post, we’re making less than $150k and we’re saving on average of $4k/month. We’re not even close to our parents in term of frugality. We go on vacations, we buy luxury cars, we eat out at fancy restaurants, etc. It’s all about setting goals and making saving for retirement as a priority.[/quote]
I agree with CAR about 8% being optimistic. Especially if you’re diversified to mitigate risk.
As far as $4k/month savings – if you’re contributing max to the 401k – that’s $2750/month for a 2 income household right there. Toss in the 529 contributions for your kids college fund… and your taxable investments and income… it’s not that hard to get to $4k. Especially if you have a habit of using employee stock purchase plans to fund savings/investing or annual bonuses being allocated for savings/investing.
We’re not at 4k… but we’re getting close. If they hadn’t decimated my bonus the last few years we would have hit the 4k average/month figure.
Participant[quote=AN]With regards to saving $4k/month. I don’t think that’s optimistic at all. As I said in prior post, we’re making less than $150k and we’re saving on average of $4k/month. We’re not even close to our parents in term of frugality. We go on vacations, we buy luxury cars, we eat out at fancy restaurants, etc. It’s all about setting goals and making saving for retirement as a priority.[/quote]
I agree with CAR about 8% being optimistic. Especially if you’re diversified to mitigate risk.
As far as $4k/month savings – if you’re contributing max to the 401k – that’s $2750/month for a 2 income household right there. Toss in the 529 contributions for your kids college fund… and your taxable investments and income… it’s not that hard to get to $4k. Especially if you have a habit of using employee stock purchase plans to fund savings/investing or annual bonuses being allocated for savings/investing.
We’re not at 4k… but we’re getting close. If they hadn’t decimated my bonus the last few years we would have hit the 4k average/month figure.
Participant[quote=AN]With regards to saving $4k/month. I don’t think that’s optimistic at all. As I said in prior post, we’re making less than $150k and we’re saving on average of $4k/month. We’re not even close to our parents in term of frugality. We go on vacations, we buy luxury cars, we eat out at fancy restaurants, etc. It’s all about setting goals and making saving for retirement as a priority.[/quote]
I agree with CAR about 8% being optimistic. Especially if you’re diversified to mitigate risk.
As far as $4k/month savings – if you’re contributing max to the 401k – that’s $2750/month for a 2 income household right there. Toss in the 529 contributions for your kids college fund… and your taxable investments and income… it’s not that hard to get to $4k. Especially if you have a habit of using employee stock purchase plans to fund savings/investing or annual bonuses being allocated for savings/investing.
We’re not at 4k… but we’re getting close. If they hadn’t decimated my bonus the last few years we would have hit the 4k average/month figure.
Participant[quote=Scarlett][quote=AN]But it’s possible if one strive to achieve it. Having kids is only expensive if you want it to be. They don’t need brand new clothes, hand me down would do just fine.[/quote]
Hah! For 15 years one would dress his kids in hand-me downs, when they have 150K HH, you think? maybe only when they are little…Never mind clothes, diapers, toys, books, activities, after-hours care. Daycare, now that costs on average $1000 per month, for the first 5 years. And college funds – a few hundred month per kid.
[/quote]
I think I already got beat up by fashion mavens like flu for not buying Childrens Place, Gymbo, etc clothes for my kids. LOL.And I would put college fund savings in the overall savings catagory. I fund my kids 529’s and in my book it is still savings, even if it is designated.
I would agree that it’s hard to save a lot when the kids are in preschool… daycare expenses in San Diego are outragious. It was like getting a raise when my youngest went to kindergarten.
Participant[quote=Scarlett][quote=AN]But it’s possible if one strive to achieve it. Having kids is only expensive if you want it to be. They don’t need brand new clothes, hand me down would do just fine.[/quote]
Hah! For 15 years one would dress his kids in hand-me downs, when they have 150K HH, you think? maybe only when they are little…Never mind clothes, diapers, toys, books, activities, after-hours care. Daycare, now that costs on average $1000 per month, for the first 5 years. And college funds – a few hundred month per kid.
[/quote]
I think I already got beat up by fashion mavens like flu for not buying Childrens Place, Gymbo, etc clothes for my kids. LOL.And I would put college fund savings in the overall savings catagory. I fund my kids 529’s and in my book it is still savings, even if it is designated.
I would agree that it’s hard to save a lot when the kids are in preschool… daycare expenses in San Diego are outragious. It was like getting a raise when my youngest went to kindergarten.
Participant[quote=Scarlett][quote=AN]But it’s possible if one strive to achieve it. Having kids is only expensive if you want it to be. They don’t need brand new clothes, hand me down would do just fine.[/quote]
Hah! For 15 years one would dress his kids in hand-me downs, when they have 150K HH, you think? maybe only when they are little…Never mind clothes, diapers, toys, books, activities, after-hours care. Daycare, now that costs on average $1000 per month, for the first 5 years. And college funds – a few hundred month per kid.
[/quote]
I think I already got beat up by fashion mavens like flu for not buying Childrens Place, Gymbo, etc clothes for my kids. LOL.And I would put college fund savings in the overall savings catagory. I fund my kids 529’s and in my book it is still savings, even if it is designated.
I would agree that it’s hard to save a lot when the kids are in preschool… daycare expenses in San Diego are outragious. It was like getting a raise when my youngest went to kindergarten.
Participant[quote=Scarlett][quote=AN]But it’s possible if one strive to achieve it. Having kids is only expensive if you want it to be. They don’t need brand new clothes, hand me down would do just fine.[/quote]
Hah! For 15 years one would dress his kids in hand-me downs, when they have 150K HH, you think? maybe only when they are little…Never mind clothes, diapers, toys, books, activities, after-hours care. Daycare, now that costs on average $1000 per month, for the first 5 years. And college funds – a few hundred month per kid.
[/quote]
I think I already got beat up by fashion mavens like flu for not buying Childrens Place, Gymbo, etc clothes for my kids. LOL.And I would put college fund savings in the overall savings catagory. I fund my kids 529’s and in my book it is still savings, even if it is designated.
I would agree that it’s hard to save a lot when the kids are in preschool… daycare expenses in San Diego are outragious. It was like getting a raise when my youngest went to kindergarten.
Participant[quote=Scarlett][quote=AN]But it’s possible if one strive to achieve it. Having kids is only expensive if you want it to be. They don’t need brand new clothes, hand me down would do just fine.[/quote]
Hah! For 15 years one would dress his kids in hand-me downs, when they have 150K HH, you think? maybe only when they are little…Never mind clothes, diapers, toys, books, activities, after-hours care. Daycare, now that costs on average $1000 per month, for the first 5 years. And college funds – a few hundred month per kid.
[/quote]
I think I already got beat up by fashion mavens like flu for not buying Childrens Place, Gymbo, etc clothes for my kids. LOL.And I would put college fund savings in the overall savings catagory. I fund my kids 529’s and in my book it is still savings, even if it is designated.
I would agree that it’s hard to save a lot when the kids are in preschool… daycare expenses in San Diego are outragious. It was like getting a raise when my youngest went to kindergarten.
ParticipantOn the subject of Newt (gingrich – not newtosandiego)
He’s getting some flack for some comments he’s been making recently. Even Chris Wallace was taken aback by his recent comparisons of Obama to Nazi Germany.
http://www.politico.com/news/stories/0510/37573.html
I will agree he’s a great policy wonk. I don’t agree with his policies, but he’s intelligent.
(I heard about this on MSNBC… not Keith Olbermann – but Joe Scarborough.)
ParticipantOn the subject of Newt (gingrich – not newtosandiego)
He’s getting some flack for some comments he’s been making recently. Even Chris Wallace was taken aback by his recent comparisons of Obama to Nazi Germany.
http://www.politico.com/news/stories/0510/37573.html
I will agree he’s a great policy wonk. I don’t agree with his policies, but he’s intelligent.
(I heard about this on MSNBC… not Keith Olbermann – but Joe Scarborough.)
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