Quote:
Originally Posted by CT_Nismo
Agititan,
You certainly have depth of knowledge on this topic. But you should be banned from this Board! It's all about the next mod on ClubFrontier. You cannot save and mod at the same time.
I am of course, being very sarcastic in my remarks. Savings is far more important than the mod. But the mod has value today. Savings,....well savings may only have benefits in the future.
Do you think we're at the bottom? George Soros doesn't and predicts a wider meltdown of the financial markets.
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Well, obviously people should prioritize their spending based on their needs and also things they enjoy. There is no point in saving everything away if you're not enjoying your life in the meantime. You should budget your necessities and a limited amount of non-necessities (like modding your truck!) and then save the rest. Since everyone has different financial needs and salary level, it will be different for everyone. The best option is save the maximum amount allowed by the IRS, but only a select few people will be able to save that much...but if you can, do it..the tax benefits are very good.
I think things are starting to be more steady, but it will take a while to recover and start expanding again. Regardless, it's a minute issue, because in the overall long-term picture, the trend is always growth. This will not be the last bad time in the economy, it's all part of the business cycle. Next year should be better.