tag:blogger.com,1999:blog-8242926316765633205.post1435750614645119512..comments2024-03-17T04:14:44.845-05:00Comments on Frugal Scholar: The Punishment of Savers: Why Save?Frugal Scholarhttp://www.blogger.com/profile/12696815672500452503noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8242926316765633205.post-10449618864909336742011-08-23T07:17:00.585-05:002011-08-23T07:17:00.585-05:00Buying a home-as Darla suggests-a form of saving; ...Buying a home-as Darla suggests-a form of saving; many people view a mortgage as 'forced savings'.<br /><br />There is spending and then there is reallocation among different asset classes, and I know you know the difference!Duchessehttps://www.blogger.com/profile/09986153653120526776noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-20141439937625325952011-08-21T23:22:04.407-05:002011-08-21T23:22:04.407-05:00Perhaps, you SHOULD purchase a home for a child. ...Perhaps, you SHOULD purchase a home for a child. And rent it out until they are ready for it. This would create a bit of a tax hedge at the very least.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-42171010948972488092011-08-21T11:30:26.451-05:002011-08-21T11:30:26.451-05:00Indeed! Those who saved and lived within their me...Indeed! Those who saved and lived within their means (i.e. houses, debt) see little reward in this financial environment.<br /><br />DarlaDarlahttps://www.blogger.com/profile/02729017606957829830noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-77793888613376434322011-08-20T20:41:56.752-05:002011-08-20T20:41:56.752-05:00Saving is important because there are times in lif...Saving is important because there are times in life when ready cash will be the difference between a problem and a solution -- <br /><br />I think the current interest rate situation should be a message to those of us who aren't retired yet to work on diverse income sources. <br /><br />In theory, low interest rates should result in higher stock prices so if you held stocks and interest bearing assets they should balance out. <br /><br />It's not unreasonable to consider other retirement income sources such as rental income. It isn't guaranteed to always increase but it's somewhat independent of income.RoseAGhttps://www.blogger.com/profile/01360864547510178832noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-63677581948861839312011-08-20T18:54:00.317-05:002011-08-20T18:54:00.317-05:00Yeah... it does make pre-paying the mortgage more ...Yeah... it does make pre-paying the mortgage more attractive. Or just spending! And stocks are more attractive, except with the recent up and down gyrations that's still only a place for long-term money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-13811023781290910192011-08-20T12:32:00.683-05:002011-08-20T12:32:00.683-05:00Yeah...we get frustrated by this, too. As young ma...Yeah...we get frustrated by this, too. As young marrieds, its difficult to put aside money for any length of time because some emergency is always pulling it out again. Other than my 403B, which is of course involved in the stock market with all its tawdry ups and downs, we find we end up saving very little for the future. This is something we are trying to remedy this year, but it is frustrating that there is so little financial incentive to do so.Anonymoushttps://www.blogger.com/profile/14266127396351211649noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-64116614967288101132011-08-20T12:25:23.168-05:002011-08-20T12:25:23.168-05:00It's true that I'm putting more in to the ...It's true that I'm putting more in to the stock market just now, mainly because I have very little there and want more 'balance', but it's only £100 a month. Why save? Well, if I were to spend then I would have nothing for fixing the house when it needs repairs, nothing to contribute towards holidays, nothing to save me if anything happened to Bill. I can draw my Oklahoma pension now but it's something like $400 a month and next to useless by the time I convert it to GBP. Even if an emergency fund doesn't grow, several months of income put away for a rainy day is still useful should a rainy day appear. <br /><br />On the other hand, go ahead, spend all you earn, don't save anything.... you wouldn't do that would you?Shelleyhttps://www.blogger.com/profile/10239488936038510294noreply@blogger.com