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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-09-08 02:25 PM
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18. Such good advice
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  -Why is it considered bad/stupid to have a savings account? TwixVoy  May-09-08 12:57 PM   #0 
  - The only people I know of who think that are money-under-mattress people.  BlooInBloo   May-09-08 12:59 PM   #1 
  - It is not bad/stupid, just difficult  uppityperson   May-09-08 01:00 PM   #2 
  - I think that is it. And with children, it's even more difficult. n/t  whereismyparty   May-09-08 01:58 PM   #13 
  - one thing that helps is changing the terms spending or shopping to "giving my money to other people"  RGBolen   May-09-08 01:02 PM   #3 
  - Yes  TwixVoy   May-09-08 01:07 PM   #5 
  - Very well stated, TwixVoy  thecatburgler   May-09-08 01:07 PM   #4 
  - Inflation  ieoeja   May-09-08 01:07 PM   #6 
  - You sound like you could end up in that book, "The Millionaire Next Door".  sinkingfeeling   May-09-08 01:08 PM   #7 
  - Yes, people are not good at having money and *not* spending it.  electron_blue   May-09-08 01:10 PM   #8 
  - I agree with you  Mind_your_head   May-09-08 01:10 PM   #9 
  - I agree with everything you've said here.  Mike K   May-09-08 01:23 PM   #10 
  - Welcome to DU, Mike  Mind_your_head   May-09-08 01:53 PM   #11 
  - In America, you are taught to be a consumer, "to keep up with the Joneses," as they say.  Selatius   May-09-08 01:57 PM   #12 
  - I want to point out one flaw in your thinking  truedelphi   May-09-08 02:04 PM   #14 
  - What about 401Ks?  YOY   May-09-08 02:07 PM   #15 
  - 401Ks were a scheme by Wall Street.  Virginia Dare   May-09-08 06:58 PM   #36 
  - Yes, no matter how desperate I got at times, that savings  Warpy   May-09-08 02:14 PM   #16 
  - You get 100% 401k!  BlueEyedSon   May-09-08 02:17 PM   #17 
  - Such good advice  eleny   May-09-08 02:25 PM   #18 
  - no one ever got laid b/c they have a giant 401-K  nashville_brook   May-09-08 02:30 PM   #19 
  - It's natural selection  SteelPenguin   May-09-08 03:51 PM   #30 
  - We've been conditioned to spend money and expect a way of life that is fundamentally absurd  killbotfactory   May-09-08 02:32 PM   #20 
  - When ever I here about savings accounts it always takes me back to  Mountainman   May-09-08 02:49 PM   #21 
  - The sad sick system needs people to be in debt.  IronLionZion   May-09-08 02:50 PM   #22 
  - I give you credit for being you. I hope you understand that many people can not do what you've done  Mountainman   May-09-08 02:56 PM   #23 
     - I feel for those folks.  IronLionZion   May-09-08 03:11 PM   #25 
  - I've been saving for years  raouldukelives   May-09-08 03:02 PM   #24 
  - You can look at Fidelity's website, but I don't think you'll find a "Christian 401(K)"  A HERETIC I AM   May-09-08 03:32 PM   #27 
  - Thanks!  raouldukelives   May-09-08 03:59 PM   #31 
  - Thank you for mentioning Socially Responsible Investing, as I was just about to. There are ads...  Hekate   May-09-08 04:04 PM   #32 
  - A "xtian 401k" is called a "collection plate"....  ret5hd   May-09-08 06:42 PM   #35 
  - What return on a savings account do you get and how does it compare with decline of dollar?  Winterblues   May-09-08 03:20 PM   #26 
  - Sadly true.  lonestarnot   May-09-08 03:46 PM   #28 
  - Well I only keep about 10% of my total assets  TwixVoy   May-10-08 12:09 AM   #42 
  - I've had crap wages my entire life and have only recently been able to save  alarimer   May-09-08 03:51 PM   #29 
  - I believe the "sick sad system" sponsored by greed-mongers is failing.  sicksicksick_N_tired   May-09-08 04:28 PM   #33 
  - Twixvoy, I agree. Saving is essential.  JDPriestly   May-09-08 05:04 PM   #34 
  - Yes, yes, yes......  Mind_your_head   May-10-08 03:57 AM   #45 
  - Every month I go to the bank on the first  nadinbrzezinski   May-09-08 07:14 PM   #37 
  - Savings accounts are a BAD idea  EvolveOrConvolve   May-09-08 09:10 PM   #38 
  - Unfortunately, Money Market rates have fallen below the rate of inflation too.  A HERETIC I AM   May-09-08 09:27 PM   #39 
  - I'm getting 4.5% right now  EvolveOrConvolve   May-09-08 10:19 PM   #41 
  - Yes I agree  TwixVoy   May-10-08 12:22 AM   #44 
     - You're absolutely right  EvolveOrConvolve   May-10-08 11:28 AM   #46 
  - You are financially literate - be proud of yourself  StrongBad   May-09-08 09:46 PM   #40 
  - I wish I could Kick, Recommend, AND give several thumbs ups for this post.  Jamastiene   May-10-08 12:13 AM   #43 

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