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www.eInvesting.com Forum Index » Saving Money

when did you start saving?


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Okayplayer
PostPosted: Tue Oct 10, 2006 6:12 am Post subject: Reply with quote

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Always put the maximum % into your savings so that you will having something to fall back on incase something were to happen to you or your family. Most companies will match about 4-5 %.
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MEDIC1FF
PostPosted: Sun Mar 11, 2007 3:52 pm Post subject: Reply with quote

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i started saving about 10 years to late. i am 35 now. I have 401(k) and TSP. i also have a few savings bonds. getting ready to start in the stock market, which is why i wanted to try the simulator
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txga
PostPosted: Wed Mar 28, 2007 12:53 pm Post subject: Reply with quote

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When I was working. I did well saving but could have done so much better. Im still proud of myself, however.
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mystickc
PostPosted: Sun Apr 15, 2007 5:10 pm Post subject: I like that theory Reply with quote

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the 80-10-10 rule is a good idea. I started saving, then impulse would take over...now I am almost thirty starting from scratch...but I do have a plan now, and I am putting 15% into 401k since my work matches up to that amount and invest in the one stock for the time being until i figure this out.
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shabbang
PostPosted: Wed May 23, 2007 11:53 pm Post subject: Reply with quote

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I start putting money away in a 401k somewhere around the age of 25\26.

I started off with a small % also.

Now its almost 15 years later and the thing I regret the most is not putting away more.

I put away 11% of my pay each week. The company matches 2% of my gross each week and soon I want to up it to 15%.

I should have just maxed the thing out at 15% way back when and been done with it.

It is easier to save when you are younger, unless of course you already have a house and a family and no student loans.

But at least you are saving something. There are a lot of folks out there that can't or don't save anything for the golden years.
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Staggs
PostPosted: Fri Jul 06, 2007 6:51 am Post subject: Reply with quote

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I started saving with my employers 401k when I was about 22. I also did the minimum to get the company match.
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Slim_80
PostPosted: Fri Jul 06, 2007 10:33 am Post subject: Reply with quote

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I started the 401K when I was 21 and just put in 4% for the first 4 years and then the last 12 years I've been putting in 8%. I've always had a company match up to 4%. It's been nice watching my 401K go up and up the last couple of years now that it is a larger amount. Also I do have a pension plan with the company that I'm at, seems that is a rare word out in the work force these days.
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Billy-Ray-Valentine
PostPosted: Wed Jul 11, 2007 6:01 am Post subject: Re: I like that theory Reply with quote

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mystickc wrote:
the 80-10-10 rule is a good idea. I started saving, then impulse would take over...now I am almost thirty starting from scratch...but I do have a plan now, and I am putting 15% into 401k since my work matches up to that amount and invest in the one stock for the time being until i figure this out.


could you elaborate on the 80-10-10 rule? Thanks.
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rick103054
PostPosted: Thu Nov 01, 2007 3:57 am Post subject: Reply with quote

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WITH A WOMAN LIKE MINE IT'S IMPOSSIBLE TO SAVE
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aricchvala
PostPosted: Tue Nov 13, 2007 7:14 am Post subject: Reply with quote

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mine woman is the same. i am in education and along with ipers i really am unsure of what else to put money in, but i am now 28 with a newborn and need to get something else going soon, any thoughts?
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Colli
PostPosted: Sun Nov 18, 2007 2:23 am Post subject: Reply with quote

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I started saving when I was in my 30's - probably about 10 years too late. I have done well since starting though. I strongly recommend that young people begin early and save more than they think they should. Remember, compounding requires time to do it's thing!
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Staggs
PostPosted: Wed Mar 19, 2008 3:57 pm Post subject: Re: I like that theory Reply with quote

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Billy-Ray-Valentine wrote:
mystickc wrote:
the 80-10-10 rule is a good idea. I started saving, then impulse would take over...now I am almost thirty starting from scratch...but I do have a plan now, and I am putting 15% into 401k since my work matches up to that amount and invest in the one stock for the time being until i figure this out.


could you elaborate on the 80-10-10 rule? Thanks.


There are so many 80-10-10 rules its hard to know for sure which one he is referring to.
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akshaytalwar
PostPosted: Sun May 18, 2008 1:43 am Post subject: Reply with quote

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i started saving in fifth grade or so probably. i always save, sometimes for something, sometimes for somebody. you can't live life without saving unless you are a millionaire +++
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spencer
PostPosted: Fri May 23, 2008 3:22 am Post subject: Reply with quote

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Since I was a kid Smile.
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txga
PostPosted: Sat May 24, 2008 8:43 am Post subject: Reply with quote

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I've been saving for a while but i slacked off when i stopped working. i'm trying to pick it up again.
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