[lone star annie]

Good for you. Rule of thumb I was taught in the Reagan years, is pay yourself first. That meant put some up every payday religiously. The thing that irritates me is how the FED is killing savers and in order to get a return on your money you have to put it in the market which I do not trust.

However, I do have some money in the market and it gets scary at times. Made some and lost some. Give me the good old days when you got CDs that paid 8%!

[moovova]

“Give me the good old days when you got CDs that paid 8%!”

I remember the early ‘80s when savings rates were in the teens. Having a savings account back then paid like a part-time job.

Of course, I wasn’t trying to buy a house (and borrow money to do it).

[dfwgator]

Good for you. Rule of thumb I was taught in the Reagan years, is pay yourself first.

And if you start doing it while in your early 20s, it will make a HUGE difference at retirement time, compared to waiting until your 30s.