Comments on: I Remember Breaking Past The $10,000 Savings Mark

By: Raymond

Raymond — Fri, 29 May 2009 20:48:51 +0000

Tim,

I remember breaking past the $10,000 savings mark, but I don’t quite remember exactly the moment when that happened oddly enough. I believe it was sometime after I started working my first real full time job after law school. Thus it was probably around 25 years of age. The years prior to that, I was a full time student and the part time jobs I had during the summers and during the school years did not result in much savings. I had savings from my part time job days but I always quickly squandered them away on frivolous materialistic pursuits.

It took me quite some time to develop the proper savings mentality and get my financial priorities in order – and those things weren’t possible until I cut the proverbial parental financial umbilical cord and started fending for myself after graduate school.

By: Tim

Tim — Fri, 29 May 2009 20:36:36 +0000

Raymond,

Great post. How old where you when you hit the $10,000 mark ?

Lily,

this may just be sour grapes… but i can’t help but get annoyed at your “my bonuses are well over $10,000″ – sounds like you are in the financial industry. The greed of wall street has effected us all horribly over the past year. I wonder how you are fairing now. Part of me hopes that you have fallen from your pedestal, part of me is ashamed for wishing that. I do however suspect you wasted all your money on shiny bobbles.

By: Raymond

Raymond — Thu, 09 Apr 2009 09:17:27 +0000

Hassseem,

Please remember to continue taking your meds and stay away from sharp objects. Good luck.

By: Hassseem

Hassseem — Thu, 09 Apr 2009 09:08:22 +0000

A curse on all infidels, heathens, Crusaders and other non Muslim persons!! allah ahkbar!!
I have noit savings — only 300 dinars for to buying a new goat. I am poor Muslim man..allah ahkbar!!
Please for to send me $$ for tom buy more goats??!! Please!! Just send to Hasseem el-Rafsanjani in Tikrit, Irak, Middle East. Thank you!! allah ahkbar!!

By: mina

mina — Sat, 31 May 2008 23:11:44 +0000

Hi Raymond,

Thank you for posting this valuable life’s lesson to the day shifting and paradigm carnival. We basically have the same life experience, just a bit of twist from yours (smile) but all the way, I find your article encouraging and yes, this will be included in the next post. I’ll send you a confirmation once posts were in placed. This is inspiring!

By: Raymond

Raymond — Wed, 30 Jan 2008 07:49:19 +0000

Mark –
I only included plain old cash in my $10,000 tally since retirement funds are only meant to be unsealed at the time of retirement. Glad you are hitting your financial stride after crossing your milestone as well!

By: Mark @ TheLocoMono

Mark @ TheLocoMono — Mon, 28 Jan 2008 19:08:47 +0000

Yes, it can be tough to break that mark. I am curious as to whether if breaking that mark includes retirement funds or just plain ole cash?

I broke the mark a few years ago before I hit my 30s and it seems like after I broke it, I was able to begin hitting my stride because before I knew it, I started breaking the 20K mark and now closing in on the 30K mark. Pretty soon before this year is over, I should be approaching the 40K mark. It is very exciting and truly motivating.

Budgeting is what is probably the hardest thing to do because of priorities, needs, and wants but in the end, budgeting is the best way to break the mark.

By: A

Thu, 24 Jan 2008 19:19:27 +0000

I saw this on PaidTwice!

My Husband and I are in college and although we have a decent amount of cash built up in our savings I know that come May we will be moving, paying for housing and a whole slew of other expenses- not to mention the school loan repayment that will begin aproxamatly November. All excess cash will go there- for a long time! I can’t wait till I have 10K in unallocated cash! I am so excited!

By: MMJ

MMJ — Wed, 23 Jan 2008 20:58:12 +0000

I remember the good old days, before children and the house. We had over 14k in the bank account, but then came the house down payment and the Mrs. left full time work to be a SAHM. We will get there once again. Slowly but surely.

By: Traciatim

Traciatim — Wed, 23 Jan 2008 18:33:20 +0000

Hey Lily,

“Well, it’s all fun and games until the market takes a nosedive. Then it’ll be back to rice and beans for me! ”

How’s things going over the past few days?

By: SavingDiva

SavingDiva — Wed, 23 Jan 2008 17:09:05 +0000

I have about $500 in my EF…about about another $2k in savings….not even close to the $10k that you hit…

By: E.C.

E.C. — Thu, 17 Jan 2008 21:32:53 +0000

I was pretty exited when I hit $10,000 in savings. It seemed like a significant achievement that would set the foundation for my future. Now, I find it a little harder to set goals; most of the big savings goals like a house and retirement seem almost impossibly far off.

By: SavingDiva

SavingDiva — Thu, 17 Jan 2008 20:48:51 +0000

I can’t wait until I have $10k in cash saved….I have about $2k right now, so I have a while until I get there!

By: JB

JB — Tue, 15 Jan 2008 23:52:19 +0000

This is a timely post. I’m stilll struggling to save the last of my $10,000 goal for my Efund. It’s been difficult because I’m just starting out and other wacky, miscellaneous expenses keep coming up but I’m almost there!

A $10,000 Emergency fund was the amount I decided I needed to have on hand to offset worry about all of the ‘what ifs’ in life.

By: sue

sue — Tue, 15 Jan 2008 18:13:35 +0000

I put 10,000 into a CD when I was pregnant with my first child. Again for my 2nd child. Child three is still waiting.
The reason for this stems from my childhood. I am the youngest of four children. I said to my mom one day, why didn’t you put aside $10,000 for each child. She said we would not have as many children. At that point, I had my goal in mind. I might not be able to save much more for them, but I wanted to lock away $10,000 for each child for later in their life. I was thrilled when I was able to actually complete my dream.