Who saves here? If so, how?
We just dumping cash into a big bucket. Have agreed to use it for next year's vacation. The more money I dump in there before we start spending the less we spend and the more we save. Any thoughts?
Since this is The Noodles thread and anything can be discussed, what the hell....this is by far my favorite thread on SF btw, haha,
1) Max out 401k up to the matching 2) Max out Backdoor Roth IRA 3) Pay for mortgages / recurring bills (utility,phone etc) 4) SF items.
I wonder how many people here go in that order. Hopfully many of you folks dont have the order in reverse.
I'm so excited for the food on this trip. CANNOT WAIT!
Hah, I saved well for myself this year. I'm going to take about half of my 'savings' for this trip.
I also hide money from myself in various bank accounts. I paid for my trip to london and dublin with my tax return (still have a bunch left) and I totally forgot about the money since it was in a different account lol.
To be honest, my retirement stuff is incredibly lacking (I'm 26 for reference). I likely won't be able to put much of a dent in it till I'm 35 or so at which point I hope I can make up for lost time.
the power of compounding
Why did you do that? I'm scratching my head here, can't think of any good reason.