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View Poll Results: on a personal level, are you saving?
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yes, my savings have increased
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38 |
50.00% |
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my savings are roughly the same
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25 |
32.89% |
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no, i find that i have to tap into my savings
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10 |
13.16% |
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what savings?
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3 |
3.95% |
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06-12-2009, 05:51 AM
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12,869 posts, read 13,745,086 times
Reputation: 4453
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are you managing to save more money in this current environment?
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06-12-2009, 08:10 AM
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69,360 posts, read 58,764,523 times
Reputation: 9373
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Quote:
Originally Posted by floridasandy
are you managing to save more money in this current environment?
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Depends if you include amounts in "stock market" etc.. I have moved a large percentage of funds into the market. |
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06-12-2009, 08:49 AM
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Location: Heartland Florida
9,324 posts, read 24,787,587 times
Reputation: 4969
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I am currently eliminating all my dollar based savings. The coming hyperinflation will wipe out paper and I want that capital in actual stuff, not fraudulent fed Ponzi paper. Anyone who saves dollars now will be sorry next year.
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06-12-2009, 04:56 PM
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Location: Sacramento
2,568 posts, read 6,260,592 times
Reputation: 1924
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We have been savers since we got the rug pull from under our feet during .com layoffs.
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06-12-2009, 05:00 PM
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Location: Warwick, RI
3,733 posts, read 4,587,982 times
Reputation: 5989
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Yes, we've concentrated on building up our emergency funds and moved some of our savings into stocks.
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06-12-2009, 05:18 PM
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Location: Oregon Coast
1,848 posts, read 6,445,697 times
Reputation: 1409
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Yes we have an emergency fund. We also have a vacation fund which I'll need to dip into soon.  |
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06-12-2009, 06:48 PM
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Location: Great State of Texas
86,068 posts, read 77,096,476 times
Reputation: 27655
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I was saving before but have cut out more crap (cable tv, downgraded service on cell phone, more store brands than big name, etc) and am stashing that much more each month away.
Staying away from the stock market..don't like the Vegas odds so I'm keeping with the banks in short term CD's and Money Market accounts. While it's not much..it IS a plus each month and I am preserving my principal.
Last year I made it on $40K (family of 2) and my goal this year is $36K
I refinanced my 10 year old mortgage (had it paid down to a 20 year equivalent) to get a lower payment so the same payment each month has more going towards principal.
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06-12-2009, 07:58 PM
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48,508 posts, read 88,970,515 times
Reputation: 18195
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To tell you the truth it will be interestign to see now many people get out of stocks once the markets gain some because rememebring the 70's recession almost a whoole generation dropped the stock market and invested in much safer investments . Right now i thnik alot are staying because they losss so much and with small movements they can gain alot because stocks are so cheap basically. Once they get near to recovering it will be something to watch.
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06-12-2009, 08:56 PM
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2,024 posts, read 4,853,349 times
Reputation: 1996
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I've always been a saver so I still save the same amount. But I'm worried about the dollar possibly collapsing and my savings vanishing so I have been looking at buying productive cropland, probably better to have than US dollars.
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06-12-2009, 10:05 PM
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Location: Great State of Texas
86,068 posts, read 77,096,476 times
Reputation: 27655
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I'm keeping my eye out for some good RE as well..rural with some bigger acreage.
I just need some more time..just gimme some more time !!
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