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How much do I need to save?

Posted on 05/05/2021 11:54:01 AM PDT by jroehl

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To: jroehl
It can't be determined.

Will "money" be even recognized ?

Will inflation make our dollar like Zimbabwe ?

Will "money" be accepted as a barter tool ?

Did God leave you ? .. (you never had Him if you think He did)

Don't bother saving, ... if they take it all away from you, it's been taken away from everyone.

Even the Satanists need the worker bee to support them and they will not kill that cash cow.

21 posted on 05/05/2021 12:15:35 PM PDT by knarf (I say things that are true, I have no proof, but they're true !)
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To: jroehl

You can’t get there with a savings account. The 2.5% is a “nominal” rate not accounting for inflation. Inflation is currently probably around 8%, so you are LOSING purchasing power on your money to the tune of 5.5% every year. Inflation in construction materials and used home prices is astronomically high now.

Also, don’t forget that your interest is taxable income, so you won’t get the full 2.5%.

Borrow from relatives and get in now. And pray this insane housing bubble does not collapse.


22 posted on 05/05/2021 12:15:42 PM PDT by ProtectOurFreedom (“No man’s life, liberty or property are safe while the Legislature is in session" - Gideon J. Tucker)
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To: jroehl

If you have to ask that question you should probably not be buying a house. Do your own due diligence.


23 posted on 05/05/2021 12:18:22 PM PDT by DC Packfan
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To: jroehl

There are many good online tools on saving and home buying and calculating mortgages, including insurance and taxes (which you will need to look up for your area). I recommend doing some homework to learn to use these many tools. Then you will be ready to make informed decisions. Home buying is a lot more complicated than just asking how much money you need on a forum.


24 posted on 05/05/2021 12:20:50 PM PDT by FalloutShelterGirl (Cool! I found my original screen name!)
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To: IYAS9YAS

” Of course, at 2.5%, interest would be piddling anyway. Just figure 5k/year or $417/month.”

A thousand bucks is not piddling!


25 posted on 05/05/2021 12:21:53 PM PDT by TexasGator (Z1z)
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To: jroehl

If you aren’t resourceful enough to find the proper calculator on line you don’t belong here. I suggest “The Hill”.


26 posted on 05/05/2021 12:23:05 PM PDT by Seruzawa (The political Left is the Garden of Eden of Incompetence - Marx the Smarter (Groucho))
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To: jroehl

First I doubt the APR will be 2.5% in four years. I would plan on 4 to 4.5%...


27 posted on 05/05/2021 12:26:42 PM PDT by GOPJ (January 6th - Patriot March Against Voter Fraud.)
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To: FalloutShelterGirl

“more complicated than just asking how much money you need on a forum.”

Yup &........

A political forum at that, holy crap...


28 posted on 05/05/2021 12:31:43 PM PDT by Bell Bouy II
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To: jroehl

You waited too long...

By the time you have saved the money, the communists who rule us will have implemented their already announced plan to outlaw those racist single-family residences...


29 posted on 05/05/2021 12:31:56 PM PDT by SuperLuminal (Where is another Sam Adams now that we desperately need him?)
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To: jroehl

$408.33


30 posted on 05/05/2021 12:33:00 PM PDT by DoodleDawg
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To: jroehl

What bank is paying 2.5% interest on savings?


31 posted on 05/05/2021 12:34:30 PM PDT by psjones (u)
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To: Mr. K

Be careful that in the 4 years it takes you to save $20,000 housing prices will have gone up over $40,000 in your area

Seems like they’ve gone up $20,000 since last week.


32 posted on 05/05/2021 12:37:26 PM PDT by Flick Lives (“Today we celebrate the first glorious anniversary of the Information Purification Directives.”)
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To: jroehl

marry money. my second marriage will be for that.


33 posted on 05/05/2021 12:38:43 PM PDT by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world or something)
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To: jroehl

20,000 /48, discounted for an annual rate of .025.


34 posted on 05/05/2021 12:43:12 PM PDT by Vermont Lt (. )
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To: 4Liberty

Nah...that was finance math, not accounting. Sophomore year class.


35 posted on 05/05/2021 12:44:23 PM PDT by Vermont Lt (. )
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To: jroehl

Just put it all in DOGEcoin and plan your move to Malibu, bro!


36 posted on 05/05/2021 12:45:19 PM PDT by montag813 ("Fallen, fallen, is Babylon the Great")
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To: TexasGator
A thousand bucks is not piddling!

No, it's not. But he'd have even more if he just threw the extra $20/month in savings. Not a huge leap between $397 and $417.

37 posted on 05/05/2021 12:45:28 PM PDT by IYAS9YAS (There are two kinds of people: Those who can extrapolate from incomplete data.)
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To: carriage_hill

Buy Doge coin. You will be a billionaire in four years.

(I am kidding...don’t buy Doge coin.)


38 posted on 05/05/2021 12:45:54 PM PDT by Vermont Lt (. )
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To: montag813

You beat me by 30 seconds. Ha ha.


39 posted on 05/05/2021 12:47:45 PM PDT by Vermont Lt (. )
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To: 4Liberty
LOL, dude would NOT have liked my accounting professor at Gonzaga. I had him for over 30 semester hours, and he never used numbers. He taught the theory behind every accounting problem. We learned where the numbers were supposed to go and why.

He gave two tests: a midterm and a final. Each test consisted of five essay questions. Two, if not three, of the questions' first sentence was, "based on the information you've given me, I cannot answer the question." Then you'd have to explain why. Wasn't unusual to write out 8-10 pages during that 50 minute class.

40 posted on 05/05/2021 12:47:47 PM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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