What percentage of your salary should you spend or housing, car note, ...

[Jon79]

I would invest it, banks dont give shit for interest rates.


even decent CDs are a joke

exactly....i just meant there are many things to spend your money on where your money works for you

 

[DieselGunz]

well i have to have a nest egg for a rainy day which is money on hand for 3 months of living including expenses. My parents lived check to check and i refuse to that to myself


I have a couple of short term DCs and rest is spread out in low risk/high risk opportunities.


i am presently looking for a good college fund for my daughter

Bran any ideas?

 

[PICK3]

I'm going to the casino and putting my life savings on "black".

 

[Jon79]

I'm going to the casino and putting my life savings on "black".

yo playa

 

[musclemom]

no beyond your means was the wron phrase to use....i just meant to make enough to where you only needed 40 for bills and you could have the other 60 to use for more fun things and for security that's all i mean

Gotcha, 40% being rent/food/utilities/credit cards/cars, etc. I just can't imagine the average individual doing that.

 

[bran987]

well i have to have a nest egg for a rainy day which is money on hand for 3 months of living including expenses. My parents lived check to check and i refuse to that to myself


I have a couple of short term DCs and rest is spread out in low risk/high risk opportunities.


i am presently looking for a good college fund for my daughter

Bran any ideas?

how old is she?

 

[Jon79]

well i have to have a nest egg for a rainy day which is money on hand for 3 months of living including expenses. My parents lived check to check and i refuse to that to myself


I have a couple of short term DCs and rest is spread out in low risk/high risk opportunities.


i am presently looking for a good college fund for my daughter

Bran any ideas?

Yes take advantage of one of these high yield savings accounts offered be capital one online you can link it directly to your checking accout and ach transfer funds whenever needed i think it pays 7 percent you daughter is pretty young right? that would be a great choice

 

[Jon79]

sorry its only paying 5% now but still your money is fed backed up to 100k and you can move it to and from your checking as you need to

 

[DieselGunz]

how old is she?

11 months

 

[DieselGunz]

sorry its only paying 5% now but still your money is fed backed up to 100k and you can move it to and from your checking as you need to

thanx for the heads up