Money...

**Azhigher** · 12-03-2006, 02:03 AM

How do you guys view money?

Personally, I just finished saving a 1k in cash and even though I've got a decent amount of money stashed away in the bank I still felt like that was a nice accomplishment.

How much do you have to save, or have to really feel like you've accomplished something by saving that much? And does it make more of a difference to you if you have a stash in cash or in the bank? I.e. if I'm saving up through something like direct deposit it doesn't really matter to me, but when I stash away tip money until I've got 1k in 20's I feel like I've done well....

I'd love to hear what you all think about the subject.

**Iroc313** · 12-03-2006, 02:09 AM

saved up about a 100$ in change I think thats pretty good for an unemployed 15 year old

I really could have had atleast 600$ if I saved by anything under 5 dollar bills

**Detective Whatley** · 12-03-2006, 02:29 AM

saving money is awesome.

I have 3 accounts that hold my savings.

1 for the future (house,car,emergency)

1 for school (ill be registered here shortly)

1 for present day stuff (car,christmas,fun)

I love checking the account and seeing it grow, especially when the interest is so high

**Azhigher** · 12-03-2006, 02:47 AM

Quote:

Originally Posted by Detective Whatley

saving money is awesome.

I have 3 accounts that hold my savings.

1 for the future (house,car,emergency)

1 for school (ill be registered here shortly)

1 for present day stuff (car,christmas,fun)

I love checking the account and seeing it grow, especially when the interest is so high

Yeah, I just love watching the total amount grow haha.

How do you decide how much to put in each account? Is it a ratio or spur the moment stuff?

**Azhigher** · 12-03-2006, 03:01 AM

I guess I'll share my setup now that I just got done looking at it.

I've got 6 accounts...
1 is my savings which usually has around 1k for emergency type stuff, or to pay a deductible if need be.

Next is my money market savings which is a savings account with a higher interest rate, so thats where most of my money is if I think I'll need it within a year, otherwise it goes in a CD.

I've got a College Savings fund that is a joint account between myself and my mom, so if need be she can slide me some $$ through that.

I've got a 14month savings certificate which I got after I sold my car so the money I made off of that can make me some money before I need to use it.

I've got some shares of a mutual fund which is actually making me some good returns, but for the most part I just leave it in there and let it do it's own thing until I need the $$. I would cash it out and put it in my money market... but it's making good returns so...

And finally I've got my good old checking account with a $500 buffer so I know I've got funds if I need them.

So, my money's all spread out but all of it except my mutual funds are through one main account so I get to watch the overall total build up =)

**NBMgreg** · 12-03-2006, 03:02 AM

saving money FTW... enough said.

**Iroc313** · 12-03-2006, 03:06 AM

greg! did you go to the track?

**Rational Erratic** · 12-03-2006, 05:46 AM

to tell you the truth, lately i've been viewing money differently......... i havent been wanting alot, i just want enough to do all the things i want to do and not have to worry how i'm going to pay rent next month.........

occasional vacations included......

which i figure is making about 70 a year......... i think i can be happy with that...... but who knows i'm still a "real world newb"

**Pr3mium Brewed** · 12-03-2006, 10:03 AM

Meh i want it all. the world is MINE puta

**Vissionary** · 12-03-2006, 12:37 PM

Having multiple accounts with direct deposit usually works best for me, If you don't see it and can't touch it....... BAM NIGGA GOT MONEY lulz

12-03-2006, 02:03 AM	#1 (permalink)
Azhigher Resident AZ Lurker Join Date: Oct 2006 Location: Mesa, AZ Posts: 2,902	Money... How do you guys view money? Personally, I just finished saving a 1k in cash and even though I've got a decent amount of money stashed away in the bank I still felt like that was a nice accomplishment. How much do you have to save, or have to really feel like you've accomplished something by saving that much? And does it make more of a difference to you if you have a stash in cash or in the bank? I.e. if I'm saving up through something like direct deposit it doesn't really matter to me, but when I stash away tip money until I've got 1k in 20's I feel like I've done well.... I'd love to hear what you all think about the subject. __________________

12-03-2006, 02:29 AM	#3 (permalink)
Detective Whatley SOT Member Join Date: Oct 2006 Posts: 157	saving money is awesome. I have 3 accounts that hold my savings. 1 for the future (house,car,emergency) 1 for school (ill be registered here shortly) 1 for present day stuff (car,christmas,fun) I love checking the account and seeing it grow, especially when the interest is so high __________________ -Detective Whatley- Pee-Dubbleyou-En-Three-Dee

12-03-2006, 03:01 AM	#5 (permalink)
Azhigher Resident AZ Lurker Join Date: Oct 2006 Location: Mesa, AZ Posts: 2,902	I guess I'll share my setup now that I just got done looking at it. I've got 6 accounts... 1 is my savings which usually has around 1k for emergency type stuff, or to pay a deductible if need be. Next is my money market savings which is a savings account with a higher interest rate, so thats where most of my money is if I think I'll need it within a year, otherwise it goes in a CD. I've got a College Savings fund that is a joint account between myself and my mom, so if need be she can slide me some $$ through that. I've got a 14month savings certificate which I got after I sold my car so the money I made off of that can make me some money before I need to use it. I've got some shares of a mutual fund which is actually making me some good returns, but for the most part I just leave it in there and let it do it's own thing until I need the $$. I would cash it out and put it in my money market... but it's making good returns so... And finally I've got my good old checking account with a $500 buffer so I know I've got funds if I need them. So, my money's all spread out but all of it except my mutual funds are through one main account so I get to watch the overall total build up =) __________________

12-03-2006, 03:02 AM	#6 (permalink)
NBMgreg corn smuggler Join Date: Oct 2006 Posts: 1,426	saving money FTW... enough said. __________________ 1998 NBM Trans Am M6 The GREG

12-03-2006, 05:46 AM	#8 (permalink)
Rational Erratic EL Beefcake Join Date: Aug 2006 Location: H H Posts: 15,356 gXboxLive Leaderboard: 51^st	to tell you the truth, lately i've been viewing money differently......... i havent been wanting alot, i just want enough to do all the things i want to do and not have to worry how i'm going to pay rent next month......... occasional vacations included...... which i figure is making about 70 a year......... i think i can be happy with that...... but who knows i'm still a "real world newb" __________________

12-03-2006, 10:03 AM	#9 (permalink)
Pr3mium Brewed SOT Post Whore Join Date: Jun 2006 Location: USA Posts: 13,938 gXboxLive Leaderboard: 19^th	Meh i want it all. the world is MINE puta __________________

12-03-2006, 12:37 PM	#10 (permalink)
Vissionary SOT Super Moderator Join Date: Jun 2006 Location: SoCal Posts: 45,289 gXboxLive Leaderboard: 43^rd	Having multiple accounts with direct deposit usually works best for me, If you don't see it and can't touch it....... BAM NIGGA GOT MONEY lulz __________________ SOT - We'll pull your endocrine system out of your body and make a hat out of it.

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