(Closed) What are you currently saving money for?

posted 6 years ago in Money
Post # 3
Member
2494 posts
Buzzing bee
  • Wedding: July 2012

We’ve finally got a down payment for a house, so now we are saving for babies and random expenses that will eventually come up, like cars and emergency vet bills. I wish it was something more exciting!

Post # 4
Member
5221 posts
Bee Keeper

A house! We are really taking our time looking and weighing ALL of our options. In the meantime, we are building up a nice nest egg and some vacation money for next summer

Post # 5
Member
2894 posts
Sugar bee

@countrygirl62312:  Saving to be Skrooge McDuck rich! 😉 Seriously though, we’re paying huge amounts of SO’s debt off left and right AND paying for the wedding all on our own dime. To say we’re stretched thin is an understatement. BUT it’s phase one to our savings plan. We realized once the wedding is over and we’ve eliminated his debt we could potentially save between 1-2K a month. Crazy right? So, we’ll be saving just to boost numbers and “just in case.”

Post # 6
Member
1096 posts
Bumble bee

I’m saving money so that I can pay the balance of my wedding dress full cash (not credit) in 2 weeks at my first fitting.

Post # 7
Member
1360 posts
Bumble bee

Down payment on a home we are buying, and for the wedding.

Post # 8
Member
214 posts
Helper bee
  • Wedding: September 2011

I’m currently saving for furniture and babies….. fun fun!

Post # 9
Member
263 posts
Helper bee
  • Wedding: November 2013

College. And airfares to travel with SO! But mostly College. School is expensive! haha

Post # 10
Member
327 posts
Helper bee
  • Wedding: May 2012

Our first little one coming in February:)

Post # 11
Member
11234 posts
Sugar Beekeeper
  • Wedding: August 2013

Aside from the wedding itself, we’re saving to buy a house. There’s not much for sale around here right now that’s in our price range and not in a crappy neighborhood, unfortunately (or fortunately, since we’re not ready yet). We drove by this house we’d fallen in love with the listing for…and it’s got this tiny yard and the rest of the houses around it are in need of some TLC, so that kind of sucked. 

Post # 12
Member
2622 posts
Sugar bee
  • Wedding: November 1999

Life in general?

We have three goals for next year so we have several savings accounts.

1) 20% downpayment on a house. We have enough npw, but would like to up our price range so we will have enough in December, if not earlier. We have a set amt transferred every month.

2) New furniture for the house when we move. I cant wait to replace, well nearly everything. Same method as #1. A set amt is moved each month.

3) Once we move the money being saved for the downpayment will be then be, in part, for a vacation to Paris next fall.

4) Retirement. Always retirement. This is our #1 goal every year. 

Post # 13
Member
296 posts
Helper bee
  • Wedding: October 2014

A house downpayment and paying off as much debt as possible before the wedding 🙂 we have a number in mind, but we’re about halfway there so we may bump it up. 

Post # 14
Member
705 posts
Busy bee
  • Wedding: February 1993

A big, cross-country move we’re about to make.

Opening a shop when we get to our new destination.

Buying new furniture and a new car for our new destination after we sell our current.

A big trip we’d like to take in May.

Whatever the hell else we want to do.

Post # 15
Member
1423 posts
Bumble bee
  • Wedding: May 2009

Downpayment for a house! — for when we decide to finally settle down in one location for a good long while.   I’m also saving to pay off my student loans (they aren’t accruing any interest at the moment).  We were saving for a second car, too, but just bought one. 

We’re also saving for the usuals — retirement and  health savings (for when we have rugrats).  Be sure to save for retirement  first, if at all possible.  Your twenties are the prime time to sock away as much as you can.  It can be hard though.  It seems like there is no tangible benefit at all — who wants to look forward to being old?  It’s really depressing.

Post # 16
Member
2622 posts
Sugar bee
  • Wedding: November 1999

@bluegreenjean:  Very true! Retirement is easier to save for the younger you are in terms of its worth later.

Someone who puts $4,000 a year into retirement accounts starting at 22 can have $1 million by age 62, assuming 8% average annual returns. Wait 10 years to start contributing, and you’d have to put in more than twice as much — $8,800 a year — to reach the same goal.

From MSN Money

The topic ‘What are you currently saving money for?’ is closed to new replies.

Find Amazing Vendors