Thursday, May 31, 2007

To Save or Not to Save


Off the bat, I'm putting away 30% of my salary into my 401; I will definitely max that out this year. Last year's company match was close to $3000; and this year should be even higher (it has been paid out, I just haven't checked the actual amount). Regardless, it seems that my checking account dips, then plateaus, a roller coaster of up and downs; more 'down' in recent days (mainly due to the $2000+ paid to car care...). I know I have my Roth and my HSBC savings but I would simply feel more secure seeing my checking move in a steady upward direction. However, I don't see that happening anytime soon as I foresee additional expenses including many additional wants (never any needs); the next likely purchase being a nice new pair of polarized Oakley sunglasses. In the mean time, both my brother and I have cleared out our closets and a group of my friends intend to hold a garage sale sometime in the next few weeks. I doubt we will make any real cash but it will certainly clear out our closets and whatever doesn't sell will be a nice tax deduction from our local Goodwill.


More money, more wants and that is perfectly fine; as Kobe's new 24-logo states, carpe diem. I'm living for today (hello new sunglasses); with all the money I'm stock piling in my 401, I shouldn't have to be worried about tomorrow.

2 comments:

fchenod said...

Dude! 30%! you are going to be rich when you retire. I just started saving since I started work 3 yrs ago. I have a long road ahead and like your checking, it's not really going up.

The more you make, the more expenses you have.

Jack said...

dabull, let's just say 10% or your salary would easily over-shadow my 30%... you are the rich man; living like a king in your kingdom.. far, far, away.