How much of your disposable income do you save?

None, I spend it all plus some   4 votes - 22 %
None, I spend every penny I make   3 votes - 16 %
5%   1 vote - 5 %
10%   4 votes - 22 %
15%   1 vote - 5 %
20%   2 votes - 11 %
25%   0 votes - 0 %
30%   2 votes - 11 %
35%   0 votes - 0 %
40%   0 votes - 0 %
Other - Right On!   1 vote - 5 %
 
18 Total Votes
I like potatoe buns by DesiredUsername (2.00 / 0) #1 Wed Feb 22, 2006 at 06:55:00 AM EST
but you have to be careful when you eat them. Always leave the safety on so you don't get shot in the face.

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Now accepting suggestions for a new sigline
Sage advice by Bob Abooey (2.00 / 0) #4 Wed Feb 22, 2006 at 07:01:45 AM EST
I wonder if maybe it isn't the whole mystery behind them that makes them yummy. You know, like how a total stranger is interesting until you get to know them and they then become just another biped.

Warmest regards,
--Your best pal Bob

[ Parent ]
Potato Buns. by Awakened Dreamer (2.00 / 0) #16 Wed Feb 22, 2006 at 07:54:14 AM EST

Mystery Solved: My wife's family showed me why they are called potato buns. They eat them with massive loads of mashed potatoes crammed into them. And, strangely, that is how they taste best. Enough carbs to choke a horse, but tasty as hell.

[ Parent ]
Hmmm by Bob Abooey (2.00 / 0) #18 Wed Feb 22, 2006 at 08:04:12 AM EST
Carbs stuffed with.. carbs. I like it!

Warmest regards,
--Your best pal Bob

[ Parent ]
My wife will be proud to know. . . by Awakened Dreamer (2.00 / 0) #19 Wed Feb 22, 2006 at 08:09:00 AM EST

That her family's habits have now affected the Intarweb legend, Mr. Bob Abooey.

[ Parent ]
WIPO by Man (4.00 / 2) #2 Wed Feb 22, 2006 at 06:59:33 AM EST
Does paying extra on the mortgage count as "saving"?

Forget extra by DesiredUsername (4.00 / 1) #3 Wed Feb 22, 2006 at 07:01:10 AM EST
Wouldn't just paying the mortgage count as saving?

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Now accepting suggestions for a new sigline
[ Parent ]
Good question by Bob Abooey (4.00 / 1) #6 Wed Feb 22, 2006 at 07:06:03 AM EST
I suppose it would have to be, although not in the traditional "liquid asset" type of saving/investing that I was thinking about. If you think along those lines then paying double on your credit cards would be savings too. Hmm, I think I'm waffling on this issue now, I'm not sure I want to consider paying down debt as an actual savings even though it is the smart thing to do.

Warmest regards,
--Your best pal Bob

[ Parent ]
Yeah, I dunno by Man (4.00 / 1) #8 Wed Feb 22, 2006 at 07:09:17 AM EST
It seems silly to have a bank account with $X earning 2% while at the same time holding a debt of $X with a 6.5% interest rate.

[ Parent ]
Right by Bob Abooey (4.00 / 1) #11 Wed Feb 22, 2006 at 07:15:56 AM EST
Everything I've ever read on the subject says that once you have 3 or 4 months of emergency funds stashed away you should pay off your debt (credit cards for most people), then start to actually invest/save.

I've always been the type that feels more secure with a few extra clams in the bank though, so I tend to not worry about debt (even though I don't have any right now) as much as I focus on stashing money away.

Warmest regards,
--Your best pal Bob

[ Parent ]
Absolutely. by lb008d (2.00 / 0) #30 Wed Feb 22, 2006 at 12:38:56 PM EST
I've read enough articles like the one to which Bob linked that I'm seriously reconsidering my savings habits. Currently I put the maximum away on my 401k every year as well as have a several-month "emergency fund" in savings. Of course the 401k is not liquid at all and it is tied to the stock market, which frankly I don't trust anymore.

I'm thinking about reducing my contribution to the minimum that my employer will still fully match and taking the extra money to pay down the mortgage. I calculated the other day that I could have the house paid off in 5 years with this plan.

When and if the shit hits the fan, at least I will own land and a home. I know that sounds like nothing but "black helicopters" talk but I'm afraid that's where this country is headed.

[ Parent ]
Aleve is a NSAID by georgeha (2.00 / 0) #5 Wed Feb 22, 2006 at 07:02:07 AM EST
which means it reduces inflammation caused by COX-2 chemicals, which may be what your bump has.

I am paying down usurious credit card debt before worrying about saving.


Right by Bob Abooey (2.00 / 0) #9 Wed Feb 22, 2006 at 07:10:06 AM EST
She said the bump was likely from a leak in a tendon sheath, which wouldn't technically be an inflammation, but may be as you point out, made up of stuff that Aleve attacks and as such it's having a positive affect.

Warmest regards,
--Your best pal Bob

[ Parent ]
Personal Finances by duxup (4.00 / 1) #7 Wed Feb 22, 2006 at 07:07:07 AM EST
I fear that we are in fact that financially stupid if the statistics are to be believed.

I would note that what the writer of that article does in terms of her personal savings just isn’t achievable for all people due to wages or other circumstances.  Even so her point is well taken and I’m fortunate enough to where I’m able to do the same in terms of savings.  Even as I am saving and such I still worry about finances, that’s just the way I am and probably the reason I’ve managed to save well so far (on top of being lucky and getting a good job).

It is downright shocking that on top of the fact that wages haven’t kept up with inflation over the last 5 years (or so they say) people are still packing away the debt.  Watching TV it seems like taking on debt is fun, and just part of the culture.  It probably is.

I’d like to see some mandatory personal economics classes implemented in the school systems or something like that.  It’s not a total fix but it’s not like I know what else can be done.  There was an alternate class in High School that I took that dealt with such things.  It was downright disturbing how few people could balance an imaginary checkbook, understood how interest rates worked, or any of that stuff.   I don’t doubt it is still the same with adults these days.

I also wonder what will happen when the personal debt stuff hits the fan.  Ugly.  Even if people started paying that stuff off and living within their means . . . would the economy tank?
____

I'm not sure it would matter by Bob Abooey (4.00 / 2) #12 Wed Feb 22, 2006 at 07:22:03 AM EST
I think most people probably understand that they should save some money, but they get so caught up in the consumerism that drives our society that it's way too easy not to do the right thing, or even care about it. Why eat hamburger when you can eat steak, right?

I sleep better when I have something to fall back on, it's part of the way I'm wired I guess. I like knowing if I was off work for a couple years I wouldn't have to freak out about paying the bills etc etc.

Warmest regards,
--Your best pal Bob

[ Parent ]
I hear you by duxup (4.00 / 1) #14 Wed Feb 22, 2006 at 07:28:21 AM EST
I like to think that at least arming a few people out there with some knowledge before they walk out into the world will help them, but that might be a bit too optimistic.

Coincidently I heard this from one of my loud coworkers on his phone just now:

I have six credit cards and only three are maxed out.  The others having nothing on them most of the time.  I pay the other three on time, the minimum, but always on time…

I think when he said that he was indicating that was a good thing.  I don’t want to think about how much debt that is.  Eeek.
____

[ Parent ]
I don't think it's an education problem by MillMan (4.00 / 2) #15 Wed Feb 22, 2006 at 07:40:27 AM EST
for most people, anyway. Our economy requires ever increasing work output and consumption in order to function. As of yet the population hasn't said no to that arrangement. A change will come through force rather than choice as we're just about there now.

I never really considered face-to-face contact a possible thing. -CRwM

[ Parent ]
Who was it by sasquatchan (2.00 / 0) #10 Wed Feb 22, 2006 at 07:13:42 AM EST
that suggested whacking your bump with a large book ? (Toxicfur ?) That or find a large needle and just drain it yourself.. I mean, home surgery here, bob.. I mean, if Polk had his gallbladder removed with only brandy as the anesthetic (#4),  surely you can drain a cyst ?

Anyway, Bob, I'm sure you max out your 401(k) too.. But there is that nagging feeling of looking around at folks who know are in hock beyond there eyeballs, but are enjoying it.. Currency crisis such that the dollar becomes worthless (Thanks fed gvt for your poor trade policies and incessant borrowing), govt taxes going to eat up all your stored cash, inflationary worries eating away at your gains, etc. Makes you wonder..

Grandma was a feeder, huh ? They've got websites for those folks now..

Yep by Bob Abooey (2.00 / 0) #13 Wed Feb 22, 2006 at 07:25:54 AM EST
She was from the old skool where if you were big it meant you were healthy. I always thought it came from living through the depression. They had two freezers stocked full in their basement, plus a giant fruit cellar filled with enough canned food so that they could eat for months without ever going to the store if they had to.

But yeah, Grandma was a great cook and she loved to watch us jam that stuff down the ol pie hole.

Warmest regards,
--Your best pal Bob

[ Parent ]
They Neglect To Mention by Christopher Robin was Murdered (4.00 / 1) #21 Wed Feb 22, 2006 at 08:19:50 AM EST
That Polk's operation left him impotent.

Kids, don't operate on yourself or your friends.

[ Parent ]
Economic crap. by Awakened Dreamer (4.00 / 1) #17 Wed Feb 22, 2006 at 08:03:49 AM EST

Monkey's sister in-law is one of these "beyond all possible means" living people. She and her husband had to file for bankruptcy right before they changed the law to make it more difficult to file for bankruptcy. And, when she got her tax return this year, she went insane. It was the first spending money they'd had since the filing. And suddenly she's right back to trying to find ways to crawl back into debt. Luckily, no one will give her a credit card at the moment.

It's a scary thing, but most people just aren't bright enough to stop listening to their corporate masters who are telling them that the only way to be happy is to spend every red cent they ever made, or will make for the next fifty years. You gotta spend it to be happy, you know? Or at least, that's what they want us to believe.

I'm a big believer in percentages. I have some acquaintances that have really improved their spending habits just by cutting out using the credit cards and only spending what they've got in checking. But, they still ride that line. Paycheck to paycheck. Meanwhile, they hear me say things like, "I can't afford that until next paycheck" and they think that re-affirms their behavior. When what I could say is, "The percentage of my pay I allow myself to use for frivolous things has hit its limit until the next time my paycheck is issued." It's all about the percentages. You work out the percentage ratio that you can live with, and it's pretty easy to save.

Sadly, most folks won't ever get past the stage of saying, "Someday, I'll save a little money. But, right now, there's that shiny object."

As for your fish: Yeah. Two of a single Cichlid species is a very bad thing. Especially in the case of African Lake Cichlids, as you showed pictures of a day or two back. It's either one per species, or massive groups. (Where massive group is any group greater than four.) You gotta spread that dammage around between a group, or the small groups will just rip each other to shreds because they don't have enough distractions to break up the big fights.

Yep by Bob Abooey (4.00 / 1) #20 Wed Feb 22, 2006 at 08:16:06 AM EST
I have a friend who filed for bankruptcy last year, and this year I stopped by her place one day just as she was getting this new $1,000 couch delivered that her friend had charged for her (she was going to pay her friend) cause she was tired of her "old" couch, which was perfectly fine. I don't know, for some people I think it's a low self-esteem thing. Buying stuff makes them feel better about who they are, at least for the short term.

I do the same thing as you do WRT buying stuff. I pay myself first (savings and stock market) and whatever is left over I blow on whatever I want. If I don't spend it all it rolls over and sits in the "blow" fund so I limit my frivolous spending to whatever is in the blow fund at any given time. It takes a bit of discipline at first but works great cause you never pay cc interest and you don't have to deprive yourself. You just have to be smart and plan stuff out a bit.

Warmest regards,
--Your best pal Bob

[ Parent ]
tato rolls by LilFlightTest (2.00 / 0) #22 Wed Feb 22, 2006 at 08:56:34 AM EST
i thought they used potato flour...but what do i know.
Send me to Austria!
Which begs the question by Bob Abooey (2.00 / 0) #23 Wed Feb 22, 2006 at 09:04:36 AM EST
What is potatoe flour made of?

I suppose it's not out of the question that potatoes are involved somewhere along the line.

Warmest regards,
--Your best pal Bob

[ Parent ]
hmm by LilFlightTest (2.00 / 0) #27 Wed Feb 22, 2006 at 10:29:33 AM EST
i often wonder what it'd be like to use fake mashed potatoes instead of flour. maybe that's what happened.
Send me to Austria!
[ Parent ]
duh by sasquatchan (2.00 / 0) #28 Wed Feb 22, 2006 at 11:18:23 AM EST
po tay tos, obviously.

[ Parent ]
Well that's just nuty by Bob Abooey (2.00 / 0) #29 Wed Feb 22, 2006 at 12:03:01 PM EST
Who ever heard of making flour out of potatoes.

Warmest regards,
--Your best pal Bob

[ Parent ]
Well, look at it this way, Bob by Rogerborg (4.00 / 2) #24 Wed Feb 22, 2006 at 09:58:12 AM EST
When we finally realise that there's no alternative to oil and no way to support 6 billion souls without it, it'll be far easier to butcher your neighbours on a really good quality granite kitchen countertop.

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Metus amatores matrum compescit, non clementia.
Just clean it good afterwards. by Awakened Dreamer (4.00 / 1) #25 Wed Feb 22, 2006 at 10:03:09 AM EST

Blood stains granite something horrible.

Don't ask me how I know that.

[ Parent ]
Yeah right by jayhawk88 (4.00 / 3) #26 Wed Feb 22, 2006 at 10:23:19 AM EST
That granite will obviously be more valuable to shore up the doors against roaving bands of anarchists.

[ Parent ]
what do you call saving? by dev trash (2.00 / 0) #31 Wed Feb 22, 2006 at 01:56:27 PM EST
3% for my 401k, and whatever I have left over from bills, which is 4-6 percent.

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I DON'T CARE ABOUT YOUR BALLS! ->clock
Sock? A favorite sock? by lm (2.00 / 0) #32 Wed Feb 22, 2006 at 06:24:43 PM EST
Favorite sock and not favorite socks? Hey Bob, just 'cause you can RTFO doesn't mean you should be going all Red Hot Chili Pepper.

There is no more degenerate kind of state than that in which the richest are supposed to be the best.
Cicero, The Republic
I only lost one by Bob Abooey (2.00 / 0) #33 Thu Feb 23, 2006 at 06:49:21 AM EST
So I still have one, which, doesn't do me a whole lot of good as they traditionally work best in pairs.

Warmest regards,
--Your best pal Bob

[ Parent ]