No Profanity *** No Flaming *** No Advertising *** No Anti Trappers ***NO POLITICS
No Non-Target Catches *** No Links to Anti-trapping Sites *** No Avoiding Profanity Filter


Home~Trap Talk~ADC Forum~Trap Shed~Wilderness Trapping~International Trappers~Fur Handling

Auction Forum~Trapper Tips~Links~Gallery~Basic Sets~Convention Calendar~Chat~ Trap Collecting Forum

Trapper's Humor~Strictly Trapping~Fur Buyers Directory~Mugshots~Fur Sale Directory~Wildcrafting~The Pen and Quill

Trapper's Tales~Words From The Past~Legends~Archives~Kids Forum~Lure Formulators Forum~ Fermenter's Forum


~~~ Dobbins' Products Catalog ~~~


Minnesota Trapline Products
Please support our sponsor for the Trappers Talk Page - Minnesota Trapline Products


Print Thread
Hop To
Page 1 of 4 1 2 3 4
How Much Money #7366326
09/28/21 11:06 AM
09/28/21 11:06 AM
Joined: Dec 2008
Posts: 28,846
Eastern Shore of Maryland
HobbieTrapper Offline OP
"Chippendale Trapper"
HobbieTrapper  Offline OP
"Chippendale Trapper"

Joined: Dec 2008
Posts: 28,846
Eastern Shore of Maryland
Do you save or should save each week?


-Goofy-
Re: How Much Money [Re: HobbieTrapper] #7366330
09/28/21 11:08 AM
09/28/21 11:08 AM
Joined: Dec 2013
Posts: 14,895
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 14,895
Greene County,Virginia
Not enough.


wanna be goat farmer.
Re: How Much Money [Re: run] #7366334
09/28/21 11:12 AM
09/28/21 11:12 AM
Joined: Sep 2013
Posts: 18,791
Green County Wisconsin
G
GREENCOUNTYPETE Offline
trapper
GREENCOUNTYPETE  Offline
trapper
G

Joined: Sep 2013
Posts: 18,791
Green County Wisconsin
Originally Posted by run
Not enough.

this ^^^^

seriously if you can work the Dave Ramsey plan. pay off any credit cards then save 1-2K for rainy day emergency fund , then pay off any auto loans , then 3 months full income in savings as your security plan , then 15% of what you make in saving for retirement.

having cash on hand is flexibility and it lets you jump on deals when they are available.

we are working on it , but not there




Last edited by GREENCOUNTYPETE; 09/28/21 11:17 AM.

America only has one issue, we have a Responsibility crisis and everything else stems from it.
Re: How Much Money [Re: HobbieTrapper] #7366335
09/28/21 11:14 AM
09/28/21 11:14 AM
Joined: Dec 2008
Posts: 28,846
Eastern Shore of Maryland
HobbieTrapper Offline OP
"Chippendale Trapper"
HobbieTrapper  Offline OP
"Chippendale Trapper"

Joined: Dec 2008
Posts: 28,846
Eastern Shore of Maryland
How much would be enough?


-Goofy-
Re: How Much Money [Re: HobbieTrapper] #7366337
09/28/21 11:18 AM
09/28/21 11:18 AM
Joined: Sep 2013
Posts: 18,791
Green County Wisconsin
G
GREENCOUNTYPETE Offline
trapper
GREENCOUNTYPETE  Offline
trapper
G

Joined: Sep 2013
Posts: 18,791
Green County Wisconsin
Originally Posted by HobbieTrapper
How much would be enough?


I edited my response above while you were asking this , that is a really solid foundation.


America only has one issue, we have a Responsibility crisis and everything else stems from it.
Re: How Much Money [Re: HobbieTrapper] #7366338
09/28/21 11:21 AM
09/28/21 11:21 AM
Joined: Jun 2015
Posts: 4,991
rogers city mi.
J
jeff karsten Offline
trapper
jeff karsten  Offline
trapper
J

Joined: Jun 2015
Posts: 4,991
rogers city mi.
none Wife and I saved our entire lives The house is packed full with money we saved same as my 2002 chevy pickup wish I'd have bought a club cab But those cost more laugh


olden tyred
Re: How Much Money [Re: HobbieTrapper] #7366339
09/28/21 11:21 AM
09/28/21 11:21 AM
Joined: Oct 2011
Posts: 2,803
Western Shore Delaware
SJA Offline
trapper
SJA  Offline
trapper

Joined: Oct 2011
Posts: 2,803
Western Shore Delaware
Read the book - "The Richest Man in Babylon" by George S. Clason


"Humans are the hardest people to get along with."
Dr. Phillip Snow
Re: How Much Money [Re: HobbieTrapper] #7366343
09/28/21 11:24 AM
09/28/21 11:24 AM
Joined: Dec 2008
Posts: 28,846
Eastern Shore of Maryland
HobbieTrapper Offline OP
"Chippendale Trapper"
HobbieTrapper  Offline OP
"Chippendale Trapper"

Joined: Dec 2008
Posts: 28,846
Eastern Shore of Maryland
Three months full income? Before taxes?


-Goofy-
Re: How Much Money [Re: HobbieTrapper] #7366354
09/28/21 11:37 AM
09/28/21 11:37 AM
Joined: Feb 2010
Posts: 19,720
pa
H
hippie Offline
trapper
hippie  Offline
trapper
H

Joined: Feb 2010
Posts: 19,720
pa
The answer would be different for every person depending upon when they start saving, lifestyle, ect.

Re: How Much Money [Re: HobbieTrapper] #7366363
09/28/21 11:44 AM
09/28/21 11:44 AM
Joined: Jan 2008
Posts: 9,249
Alaska and Washington State
W
waggler Offline
trapper
waggler  Offline
trapper
W

Joined: Jan 2008
Posts: 9,249
Alaska and Washington State
I try to have a years worth in reserve. I never know when a salmon run may fail to show up.


"My life is better than your vacation"
Re: How Much Money [Re: HobbieTrapper] #7366370
09/28/21 11:52 AM
09/28/21 11:52 AM
Joined: Dec 2017
Posts: 6,235
Kansas
Pawnee Offline
trapper
Pawnee  Offline
trapper

Joined: Dec 2017
Posts: 6,235
Kansas
Try to have a full year’s worth in the savings.


Everything the left touches it destroys
Re: How Much Money [Re: HobbieTrapper] #7366374
09/28/21 11:55 AM
09/28/21 11:55 AM
Joined: Jun 2010
Posts: 270
West Virginia
W
WV Danimal Offline
trapper
WV Danimal  Offline
trapper
W

Joined: Jun 2010
Posts: 270
West Virginia
When I paid my truck off in '08, that $600 per month continued to come to me (saved). Been 13 years and still driving the same truck and keeping the same $600........


Trash your goals and plans for life. Just wing it and you'll never be let down!
Re: How Much Money [Re: HobbieTrapper] #7366375
09/28/21 11:56 AM
09/28/21 11:56 AM
Joined: Aug 2011
Posts: 45,646
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,646
james bay frontierOnt.
I have about 500-700 a week that I dont use or have any need for so it just goes into the slush fund account.Besides that I normally put away bout 600 a month but that gets used from time to time.

Last edited by Boco; 09/28/21 11:58 AM.

Forget that fear of gravity-get a little savagery in your life.
Re: How Much Money [Re: HobbieTrapper] #7366394
09/28/21 12:14 PM
09/28/21 12:14 PM
Joined: Oct 2020
Posts: 1,106
KY
I
ILcooner Offline
trapper
ILcooner  Offline
trapper
I

Joined: Oct 2020
Posts: 1,106
KY
I save a minimum of $1625/month and max out my 401k annually, 19.5k cap

Wife invests $375/mo. so $2000 total per month.

Zero debt, paid for house

7 months emergency fund in cash. Rest in ROTH/ TRAD IRAs, 401k, investments

We also "pay ourselves" a car payment each month to different accounts so when we need a 'new' (always used) we go pay for it in cash.

Last edited by ILcooner; 09/28/21 12:15 PM.
Re: How Much Money [Re: HobbieTrapper] #7366401
09/28/21 12:20 PM
09/28/21 12:20 PM
Joined: Sep 2013
Posts: 18,791
Green County Wisconsin
G
GREENCOUNTYPETE Offline
trapper
GREENCOUNTYPETE  Offline
trapper
G

Joined: Sep 2013
Posts: 18,791
Green County Wisconsin
Originally Posted by HobbieTrapper
Three months full income? Before taxes?


after tax is fine because it is what you would use to pay al your bills while , sick , injured , out of work.


America only has one issue, we have a Responsibility crisis and everything else stems from it.
Re: How Much Money [Re: HobbieTrapper] #7366454
09/28/21 01:22 PM
09/28/21 01:22 PM
Joined: Aug 2021
Posts: 1,473
Over there.
F
Flicker Shad Offline
trapper
Flicker Shad  Offline
trapper
F

Joined: Aug 2021
Posts: 1,473
Over there.
Ramsey plan here. Doing great for now.

Re: How Much Money [Re: HobbieTrapper] #7366467
09/28/21 01:34 PM
09/28/21 01:34 PM
Joined: Sep 2016
Posts: 6,645
MB
J
Jurassic Park Offline
trapper
Jurassic Park  Offline
trapper
J

Joined: Sep 2016
Posts: 6,645
MB
I don’t save any money.

For those that save money, are you happy? Do you ever say “I wish I could afford that”?


Cold as ice!
Re: How Much Money [Re: HobbieTrapper] #7366485
09/28/21 01:59 PM
09/28/21 01:59 PM
Joined: Oct 2020
Posts: 1,106
KY
I
ILcooner Offline
trapper
ILcooner  Offline
trapper
I

Joined: Oct 2020
Posts: 1,106
KY
no money as in zero savings?

I would be concerned about the emergencies of life around the corner, water heater, HVAC, flat tire, injury, job loss, etc that happens to all of us. We all need some buffer when the storms eventually come. The social safety net only covers so much.

to Answer your question. yes, I am happy and try to live contented. I am to the point where I can afford a lot things but choose not to buy them. There is always some new flashy thing, chasing that only leads to disappointment and discontentment.

Re: How Much Money [Re: Flicker Shad] #7366487
09/28/21 02:00 PM
09/28/21 02:00 PM
Joined: Oct 2020
Posts: 1,106
KY
I
ILcooner Offline
trapper
ILcooner  Offline
trapper
I

Joined: Oct 2020
Posts: 1,106
KY
Originally Posted by Flicker Shad
Ramsey plan here. Doing great for now.


Right on. Beauty is the plan works in good times and in bad times.

Re: How Much Money [Re: HobbieTrapper] #7366488
09/28/21 02:02 PM
09/28/21 02:02 PM
Joined: Sep 2015
Posts: 344
NW Wisconsin
M
Muskrat Love Offline
trapper
Muskrat Love  Offline
trapper
M

Joined: Sep 2015
Posts: 344
NW Wisconsin
The key is not what you save, but what you SPEND.

In order to retire comfortably, which I'm assuming, is why this post was started, you have to know what it'll take to live month to month. After I retired I received calls fro co-workers still living, asking how I was doing financially. I asked what their personal financial life was like at the present.

Many were still making car, house payments and even two of them were paying their daughter's house payments, they bought them as wedding presents!.......... and they're looking at retirement a year or two down the road.

You don't have to put aside huge sums of money, but you have to START... It's the COMPOUNDING, even at 4-7% growth, after 30-40 years the balance is surprising.

OH, and don't spend the $59.95 for three months of Dave Ramsey's financial advise.


"I'm an old dog, and these are all new tricks!"
Page 1 of 4 1 2 3 4
Previous Thread
Index
Next Thread