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Polls and Research Take a poll and discuss your research here

View Poll Results: Which choice most accurately describes your budgeting situation?
50% or more goes to savings 4 13.33%
25-50% is put into savings 7 23.33%
10-25% is saved 10 33.33%
<10% gets put away 3 10.00%
In debt. - yay 2 6.67%
Currently have loans through a bank (other than home loan) 7 23.33%
Have money in 401k or other retirement (and under 25 years old) 6 20.00%
Multiple Choice Poll. Voters: 30. You may not vote on this poll

 
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post #1 of 17 (permalink) Old 02-25-2009, 09:36 PM Thread Starter
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Post Home Finance - Are you a saver or a spender??

Thought I'd use our diverse group to analyze budgeting for a project I'm working on.

would be nice if age was included with each vote, but I'd prob need to make a professional poll for that one


Last edited by Nytehawk; 02-25-2009 at 10:19 PM.
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post #2 of 17 (permalink) Old 02-25-2009, 09:40 PM
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sorry im a spender

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post #3 of 17 (permalink) Old 02-25-2009, 09:40 PM
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Spender. But wisely. You want numbers?
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post #4 of 17 (permalink) Old 02-25-2009, 09:51 PM
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Like most Americans im an Ower. I can't save anything with this economy, barely getting hours at work. I need to change my voicemail to say "If you are a bill collector and trying to reach me, I will be unavailable until further notice. If you happen to get paid, shoot me a txt we can celebrate and be surprised together!"

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post #5 of 17 (permalink) Old 02-25-2009, 10:08 PM Thread Starter
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haha, didn't realize the post went up while I was working on the poll

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post #6 of 17 (permalink) Old 02-25-2009, 10:11 PM Thread Starter
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Like most Americans im an Ower. I can't save anything with this economy, barely getting hours at work. I need to change my voicemail to say "If you are a bill collector and trying to reach me, I will be unavailable until further notice. If you happen to get paid, shoot me a txt we can celebrate and be surprised together!"

Yes, I learn life lessons through my gf.

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post #7 of 17 (permalink) Old 02-26-2009, 11:22 AM
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I'm in a weird situation, I have decent savings in 401k, savings accounts and IRAs but I am in debt. If I were to use all of my money I have saved up I would be completely debt free with a little bit left over.

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post #8 of 17 (permalink) Old 02-26-2009, 07:58 PM Thread Starter
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I'm in a weird situation, I have decent savings in 401k, savings accounts and IRAs but I am in debt. If I were to use all of my money I have saved up I would be completely debt free with a little bit left over.

how old are you? late 20's? debt now is much better than debt later.

besides, you can't enjoy your RR when you're 60, usually. (I apologize to all the 60 year old track junkies on the site

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post #9 of 17 (permalink) Old 02-27-2009, 10:14 AM
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how old are you? late 20's? debt now is much better than debt later.

besides, you can't enjoy your RR when you're 60, usually. (I apologize to all the 60 year old track junkies on the site
I'm 24 right now, I figure I have to enjoy the crazy times in my life before I do something stupid like get married and have kids .

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post #10 of 17 (permalink) Old 02-27-2009, 12:28 PM
 
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I used to be a spender, but with this economy and 2 kids I am becoming a saver. Unfortunately part of the saving involves selling the RR soon and taking a year off........ughh
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post #11 of 17 (permalink) Old 02-27-2009, 07:52 PM Thread Starter
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your avatar creeps me out, reminds me of a dishwasher at a restaurant I used to work at.

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post #12 of 17 (permalink) Old 02-27-2009, 09:47 PM
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I have been putting 10% in a week in a 401k for for about 13yrs, about another 15% after taxes into savings, and several thousand a year in a Roth. the only thing I owe money on is my house. I pay cash for everything else. I do not make a big salary, but it is a comfortable amount, although, as the years have gone on I have kept the same percentages, so even when I was only making $30K a year, I was still saving money. My close friends call me the cheapest bastard they every knew. Yet, I still buy whatever I want, whenever I REALLY want it, but I wait and and find a deal for cash.

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post #13 of 17 (permalink) Old 02-28-2009, 01:58 PM Thread Starter
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I have been putting 10% in a week in a 401k for for about 13yrs, about another 15% after taxes into savings, and several thousand a year in a Roth. the only thing I owe money on is my house. I pay cash for everything else. I do not make a big salary, but it is a comfortable amount, although, as the years have gone on I have kept the same percentages, so even when I was only making $30K a year, I was still saving money. My close friends call me the cheapest bastard they every knew. Yet, I still buy whatever I want, whenever I REALLY want it, but I wait and and find a deal for cash.
you, sir, are exactly the same as myself, but I have yet to enter the career oriented work force. I bought my CBR for $2K because I refused to take out an unsecured loan to ride something I didn't need. I adjust my lifestyle to what I make in income, and I always keep a constant amount going to my Roth IRA and into savings accounts that get turned into CD's. as long as I can afford to keep the bike, I'm good.---------------- Now playing: Evans Blue - The Promise And The Threat via FoxyTunes

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post #14 of 17 (permalink) Old 02-28-2009, 02:27 PM
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i'm 21 and medicaly retired from the marine corps. i am on a fixed income so i have to be wise with my money. i am debt free and have began the process of buying a house. i also save about 20% of my income. i'm not the average 21 year old i realize. it's just me and my dog and i live alone. my bike is still mostly stock b/c i didn't do any mods while i still owed on it. but now that it's paid off, that monthly payment is still going into it. hope to have a pretty sweet bike one day.

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post #15 of 17 (permalink) Old 03-10-2009, 08:18 AM
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32 and in debt out my butt! It sucks, but to keep my boy racing there's few options. I try to minimize it as much as possible.
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post #16 of 17 (permalink) Old 04-23-2009, 11:56 PM
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At 23 I save some when I've got some extra dough but for the most part the budget is tight. I figure I've got plenty of time to build up that nest egg.
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post #17 of 17 (permalink) Old 04-25-2009, 07:28 PM
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Sadly, I am a spender :(

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