Saving is a good habit just don't leave it in cash or in a bank. Very soon default, banks close doors, empty boxes, hide in Switzerland in shadows while you boil paper certificates on engine block in winter wonderland. Be prepared or be sorry.
TD Canada Trust: Gen X/Millenials care more about savings than Boomers
- Thread starter mentalfloss
- Start date
This summer we pulled a huge chunk of our savings out, and paid cash for land. What a great feeling. Concrete, usable, never going anywhere.
Gen Xers are for the most part children of the "Quiet Generation". People that were children during WWII so they still experienced the Great Depression and penny pinching of the WWII years... albeit from a very young age. Maybe we get our money saving traits from them?
I have very little debt. I have an American Express credit card for a large purchase that my debit card won't handle. It needs to be paid right away. I refuse to have a normal credit card. If you don't have the money... don't buy it.
I have very little debt. I have an American Express credit card for a large purchase that my debit card won't handle. It needs to be paid right away. I refuse to have a normal credit card. If you don't have the money... don't buy it.
There are also a fair number of pre retirement Boomers and Xers out there who feel it is perfectly logical
to carry mortgage debt into retirement.
Boggles the mind
to carry mortgage debt into retirement.
Boggles the mind
What most people my age talk about as impacting their money management is the mortgage crash in the 80's. I was a bit young, I didn't see as much of it.
But I also grew up in a small farming community (hubby and I both), and we watched our parents lose their shirts to farming.
That's where our impact comes from more than from anything residual of WWII
But I also grew up in a small farming community (hubby and I both), and we watched our parents lose their shirts to farming.
That's where our impact comes from more than from anything residual of WWII
Sh*t....Sorry....I made a mistake I didn't pay $9.99 a pair.
They were $9.74
You also haven't replaced your couch since the 70s. Double thumbs up Mr. Thrift.
It's from 99 and the best damn napping couch a den could ask for.You also haven't replaced your couch since the 70s. Double thumbs up Mr. Thrift.
What's in your man cave?
Magniffy, my old man said buy land they don't make it anymore, he was wrong, but I did it anyway. There are actually things to eat walking arround there right now and most of the landscape will burn. Land is #1. you can pick it up in your hands!
Sister in law who I surrendered my den to for 3 long years.
Her "rents" were dead since she was 14. We became her "rents".
I have dealt with two institutions financially and I like both of them TD is not one
of them. I am of retirement age, i have no mortgage, the farm expenses are paid
annually. I have older vehicles but I like my old truck and the new ones not so
much. I won't starve but I don't have ten million bucks but then I won't need as
much money in retirement. I have property in Atlantic Canada that I can build a
place on for the summer and live in the Okanagan in the winter.
Personally I won't scrounge for a living. I won't be on the golf course or skiing I
hate both. I have enough to keep me busy also when I leave the farm.
I am in the beginning process of starting an Internet radio station that I hope will
be on air sometime in September or October.
Money is a tool to assist you to do the things in retirement you want to do it is not
a financial prison that limits your choices in life if you have a goal and check on
how your doing from time to time. My future is not about how much money I have
its about what do I want to do with my money in retirement and to make sure I have
enough when I get there, or I have a revenue stream to get to what I want to do
and that I have.
of them. I am of retirement age, i have no mortgage, the farm expenses are paid
annually. I have older vehicles but I like my old truck and the new ones not so
much. I won't starve but I don't have ten million bucks but then I won't need as
much money in retirement. I have property in Atlantic Canada that I can build a
place on for the summer and live in the Okanagan in the winter.
Personally I won't scrounge for a living. I won't be on the golf course or skiing I
hate both. I have enough to keep me busy also when I leave the farm.
I am in the beginning process of starting an Internet radio station that I hope will
be on air sometime in September or October.
Money is a tool to assist you to do the things in retirement you want to do it is not
a financial prison that limits your choices in life if you have a goal and check on
how your doing from time to time. My future is not about how much money I have
its about what do I want to do with my money in retirement and to make sure I have
enough when I get there, or I have a revenue stream to get to what I want to do
and that I have.
Petros the way I feel right now is one thing but when I am so old i don't remember
how to get home it will be time to leave until then i can look out my window and see
houses in the distance and that is good enough for me. That means several years
away but eventually that may happen
how to get home it will be time to leave until then i can look out my window and see
houses in the distance and that is good enough for me. That means several years
away but eventually that may happen
It's going to be tough to break the bond between the land that fed family for 110 years and that will feed family yet to come. It will be the saddest day of my life. When you eat the produce of that land it physically becomes a part of you and something happens spiritually that can't be described.
ONly if you like farming. I am not even all that keen on gardening although I love fresh veggies. My parents were both farmers. Both were musical. They never passed that gene along either.