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Reply to "Saving money for no reason"
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[quote=Anonymous][quote=Anonymous]I don't understand "having money just to have it," either. I have very specific reasons for all my savings, which are probably pretty similar to a lot of people on this board. Long-term goals like retirement and college come first. I keep a set amount in emergency savings which is intended for a major problem like job loss or major illness. I have short-term funds for things like house repair and car maintenance/replacement. And finally, I save for fun things like vacations or artwork. Every month, after bills, necessities, and charitable donations, the rest of my money goes to one of these buckets. [/quote] I guess another way to look at it is that any savings "for no reason" is by default retirement savings. Every $___ I save is one year earlier we can retire, whether it's in a specifically designated retirement fund or not. (And no, I don't know what the blank is - I'm too young to think about it at that specific level, and it would just depress me.) [/quote]
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