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At this rate Rhubarb might be a sounder and at least tastier thing to hold on to than say the American dollar.
We don't have pensions, so we invest a certain percentage in our 403B ( tax sheltered annuity) for our non-existent golden years to come and I put some in a separate "emergency" savings account. You are supposed to have six months worth of bills in savings, I think we are there. The house will be paid off in 10 years unless some extra money falls out of the sky then sooner. Neither the spouse or I have any mysterious rich relatives who are likely to leave us any money.
Our retirement plan: work till we drop.
by undercovercalico on Fri Oct 19, 2007 at 01:21:55 PM PDT
[ Parent ]
I think he was around 80 when he died and he had gone to work 3 days before he did. Me? I expect to be able to retire and enjoy myself, but not having kids was probably the smartest financial decision I ever made. (Not to knock kids or anything, but they are expensive!)
Frugal Fridays, where the cheap come to chat.
by sarahnity on Fri Oct 19, 2007 at 01:25:58 PM PDT
on the kids thing. I'm approaching 40 and really can't imagine having to support more than me and hubby...DINKS and singles do have it a lot easier.
Pura vida!
by malibu1964 on Fri Oct 19, 2007 at 01:54:00 PM PDT
I meant: "I hear you"
by malibu1964 on Fri Oct 19, 2007 at 01:54:32 PM PDT
I always thought way as well climb, ski, travel go on rafting trips and oh yeah save some money. Now it seems sort of selfish I now want to be and do better for the sake of my new son.My life so far has felt like retirement, play hard while I am young enough to do it. My son is five weeks old, and I cant wait to show him the beautiful world we all live in. At both ends of the social scale there is a leisure class.
by climbhigh on Fri Oct 19, 2007 at 02:52:03 PM PDT
Awesome for you! I used to, prior to home-improvement expenses this year. Now I have about 2 months.
"Right wing freak machine" General Wes Clark
by Tracker on Fri Oct 19, 2007 at 01:30:45 PM PDT
Six months is a healthy little rainy day fund to have built up! Rather than just parking it in a savings account, you could get a higher rate of return in a Money Market Account. Look for one that is FDIC insured. Or, you could also buy a staggered set of CD's. Every 3 months you buy a 1 year CD with 1/4 of your savings. When it matures, roll it back in. It's a way to maintain some liquidity while increasing your return. But right now, I think MMAs are still doing the same or better than CDs and they are even more liquid.
by sarahnity on Fri Oct 19, 2007 at 01:35:39 PM PDT
of doing that, thanks for reminding me to look into it.
by undercovercalico on Fri Oct 19, 2007 at 01:46:07 PM PDT
one of those ING Direct Savings Accounts. It's paying 4.30 percent, far better than Wachovia's 1pointwhatever these days. And no minimum or fees, either. Very easy!
by malibu1964 on Fri Oct 19, 2007 at 01:57:11 PM PDT
I am getting 5% on a small six month CD. They also have cheaper loans, in case you need to borrow money. However, you shouldn't borrow money. Borrowing money presumes you will have the cash flow to pay the money back. I have seen a LOT of people lose their homes when they got into an accident, or got sick, no longer had the cash flow, and couldn't pay the mortgage
by la motocycliste on Fri Oct 19, 2007 at 02:07:22 PM PDT
Ing accounts are not FDIC insured.
by Chinton on Fri Oct 19, 2007 at 02:14:54 PM PDT
I think safer than US investments. My one European Stocks Mutual Fund is out performing all my U.S. stock based mutual funds. Gee, I wonder why? ;^D
Anyone who has the power to make you believe absurdities has the power to make you commit injustices. Voltaire 1694-1778
by SallyCat on Fri Oct 19, 2007 at 02:30:56 PM PDT
my two international funds have vastly outperformed most of my domestic funds. I suffered with a lot of angst for a few years when they were not doing well, but somehow stuck with them.
ot..did you used to blog on DFA?
by tucsonlynn on Fri Oct 19, 2007 at 04:45:52 PM PDT
I'm looking at my account and they are an FDIC member.
by randomperson26 on Fri Oct 19, 2007 at 03:39:01 PM PDT
For replying--that was one thing I did make sure of, that they are FDIC insured. Not that the Feds insuring anything means much these days ;-).
by malibu1964 on Fri Oct 19, 2007 at 07:15:01 PM PDT
I have made so much money in interest that way. I've closed my normal bank accounts. Some of my ING CD's are still earning 5.25%!
by randomperson26 on Fri Oct 19, 2007 at 03:37:20 PM PDT
We came into a little extra money last year long story, via spouse's work, and we bought a few small treats and dumped the rest in savings. We were getting close but... that helped.
My mother also believes one should have six months of storaged non-perishable food stuffs and household goods in case the world ends.
by undercovercalico on Fri Oct 19, 2007 at 01:45:13 PM PDT
pot luck party at 5 months and 30 days?
by tucsonlynn on Fri Oct 19, 2007 at 03:34:50 PM PDT
wide narrow
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