I THOUGHT we were doing ok when I started working for Feds – started putting in the max that was matched by the gov. in a TSP account. Then upped my percentage a while ago. It was looking good – until my husband’s health took a nose dive. I am now the only wage earner and want to retire in 4 years (30 yrs with feds + optimal SS age), but I am out of leave and may have to start using Leave without Pay, which will cut down on my savings/ability to pay bills. He gets disability, but it really isn’t much. I am working on taking some out of TSP and put it in a Roth IRA so I might be able to access it a little easier – just in case. Things are looking a little scary right now.
I can remember a lot of guys that used to be like that. They just couldn’t wait till payday so they can start spending it. Then they lived on nothing until the next paycheck.
I worked with men who were always broke on Thursday while I had money left. They made twice as much as I did. I’m female and did a different job than they did. They would spend their paycheck on alcohol every payday. They are still working and I’m retired.
I am the child of two accountants (and old fashioned, honest ones at that). Before I went to kindergarten I started getting an allowance – 1 penny a week (back then one could actually buy something with a penny). My parents taught me how to save for things I wanted. My mom had a box and when I got my allowance I could have it to spend or I could “deposit” in the box as my account – my mom made a little savings account book and would add in and subtract deposits and withdrawals. As I got older the allowance increased. I would also, as I got older, get gifts – say a dollar – from extended family members as a gift now and then (when we moved out to suburbs my grandparents would come and visit and give me a dollar or bring me a book from a set I liked when they visited). (Parents did not pay for work done around the house or good grades – they explained that the allowance was my share of the family income and like my parents were not payed for doing things around house, I was expected to do what was needed for me to do.)
I remember being in 6th grade when I was first able to ride a bicycle and I was allowed to ride to the business area of our community I would bring my money with me in a brown wallet my uncle had bought in Cuba when one could still go there for me. I would plan that I was going to buy myself something, but inevitably I ended up at the savings bank (a real one by then) and deposited the money.
Most of the down payment on our house came from my savings (most of the mortgage payments were made from his salary so it evened out).
Husband’s parents did not give them an allowance. If they wanted something, they asked for it. He had me to teach him – his sister spends like it is water – on stupid, extravegent things (like 2 custom made evening gown type dresses for her and both daughters when younger daughter made her first communion – as well as making a “donation” for niece to make her first communion alone not with her class.
Templo S.U.D. about 5 years ago
La responsabilidad es muy importante.
jmworacle about 5 years ago
Wise.
whahoppened about 5 years ago
My savings was entirely in the last half of my work life.
Brian Premium Member about 5 years ago
Roth IRA young man!
monkeyhead about 5 years ago
We call it “Move money day” at work. Money comes in stays a few hours and leaves again.
Linguist about 5 years ago
From the S.S. to my bank … briefly into my hands … then into my wife’s … never to be seen again.
contralto2b about 5 years ago
I THOUGHT we were doing ok when I started working for Feds – started putting in the max that was matched by the gov. in a TSP account. Then upped my percentage a while ago. It was looking good – until my husband’s health took a nose dive. I am now the only wage earner and want to retire in 4 years (30 yrs with feds + optimal SS age), but I am out of leave and may have to start using Leave without Pay, which will cut down on my savings/ability to pay bills. He gets disability, but it really isn’t much. I am working on taking some out of TSP and put it in a Roth IRA so I might be able to access it a little easier – just in case. Things are looking a little scary right now.
Leojim about 5 years ago
I can remember a lot of guys that used to be like that. They just couldn’t wait till payday so they can start spending it. Then they lived on nothing until the next paycheck.
locake about 5 years ago
I worked with men who were always broke on Thursday while I had money left. They made twice as much as I did. I’m female and did a different job than they did. They would spend their paycheck on alcohol every payday. They are still working and I’m retired.
Petemejia77 about 5 years ago
I used to treat myself to the Comic Book store, but now at $4 sometimes $5 a comic. No can do! I’ll get a trade here and there!
bakana about 5 years ago
Wait till he learns about the evils of “having One with the guys” on Payday.
It’s Never “One” and the Newbie gets stuck with the Tab.
mafastore about 5 years ago
I am the child of two accountants (and old fashioned, honest ones at that). Before I went to kindergarten I started getting an allowance – 1 penny a week (back then one could actually buy something with a penny). My parents taught me how to save for things I wanted. My mom had a box and when I got my allowance I could have it to spend or I could “deposit” in the box as my account – my mom made a little savings account book and would add in and subtract deposits and withdrawals. As I got older the allowance increased. I would also, as I got older, get gifts – say a dollar – from extended family members as a gift now and then (when we moved out to suburbs my grandparents would come and visit and give me a dollar or bring me a book from a set I liked when they visited). (Parents did not pay for work done around the house or good grades – they explained that the allowance was my share of the family income and like my parents were not payed for doing things around house, I was expected to do what was needed for me to do.)
I remember being in 6th grade when I was first able to ride a bicycle and I was allowed to ride to the business area of our community I would bring my money with me in a brown wallet my uncle had bought in Cuba when one could still go there for me. I would plan that I was going to buy myself something, but inevitably I ended up at the savings bank (a real one by then) and deposited the money.
Most of the down payment on our house came from my savings (most of the mortgage payments were made from his salary so it evened out).
Husband’s parents did not give them an allowance. If they wanted something, they asked for it. He had me to teach him – his sister spends like it is water – on stupid, extravegent things (like 2 custom made evening gown type dresses for her and both daughters when younger daughter made her first communion – as well as making a “donation” for niece to make her first communion alone not with her class.