One thing we never heard a word about under the last administration and the same thing we're not hearing about now;

Personal savings. Right now, we, the people, are saving money and that is a good thing and it should continue. People saving money should be a central part of the budget equation in DC instead of the plan being that people not only spend every dime and then some.

One thing we never heard a word about under the last administration and the same thing we're not hearing about now;

Personal savings. Right now, we, the people, are saving money and that is a good thing and it should continue. People saving money should be a central part of the budget equation in DC instead of the plan being that people not only spend every dime and then some.

I'd give you my 2 cents on the subject but I think I'll save it for later...:cheers:

I'd give you my 2 cents on the subject but I think I'll save it for later...:cheers:

I'm glad I would NEVER make a bad joke like that.

My 401K is back up about 1/2 of what I lost. As in if I had $20.00, and it went down to $10.00 at the lowest, it is now up to $15.00.

*disclaimer* These are not the actual numbers involved.

My 401K is back up about 1/2 of what I lost. As in if I had $20.00, and it went down to $10.00 at the lowest, it is now up to $15.00.

*disclaimer* These are not the actual numbers involved.

Since when, a year ago? That's not bad.

I'm amazed at the number of people who do not save at all and are living pay check to pay check and hardly make that. I don't know if it's because they can't afford to save (living beyond their means) or that they don't because they figure the gumment (social security, etc.) will be there when the time comes.

Since when, a year ago? That's not bad.
When the market tanked, I pulled my money out of stocks and into the Gov't bond plans. Then, in May I put it back into stocks. I "made" $15K between 7/6 and 7/30. Those 3 weeks made a big improvement. Still a long way to go. When the market tanked, I lost 3 YEARS of contributions and interest. I check the balance every 2 days so I can transfer the money out if it starts to tank again. I am now down 2 years of contributions/intrest.

When the market tanked, I pulled my money out of stocks and into the Gov't bond plans. Then, in May I put it back into stocks. I "made" $15K between 7/6 and 7/30. Those 3 weeks made a big improvement. Still a long way to go. When the market tanked, I lost 3 YEARS of contributions and interest. I check the balance every 2 days so I can transfer the money out if it starts to tank again. I am now down 2 years of contributions/intrest.

Savings accounts are really great now. Paying about 0. 89% interest.

Yeah I am saving but it isnt doing me a hell of a lot of good in interest.

The CD's are a little better, about 4.9%

I'm amazed at the number of people who do not save at all and are living pay check to pay check and hardly make that. I don't know if it's because they can't afford to save (living beyond their means) or that they don't because they figure the gumment (social security, etc.) will be there when the time comes.
Now there is a fool proof workable plan. :killingme

One thing we never heard a word about under the last administration and the same thing we're not hearing about now;
People saving money should be a central part of the budget equation in DC instead of the plan being that people not only spend every dime and then some.
That's what the cash for clunkers program is all about. Getting people to spend money they don't have to keep the economy balloon inflated
. I am now down 2 years of contributions/intrest.

My June statement was about the same balance as December of '06