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Blog Roundup (11-9-12)

I always love sharing my favorite blogs with people, so each week I’ll be giving you guys a roundup of the posts I’ve really enjoyed reading.

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~Heart,

Em

  • The Hubby and I have played with the idea of going down to one car, but it just doesn’t seem sensible right now with our job commutes being so far apart.But posts like this always get me wondering if maybe we could make it work after all: My Pennies, My Thoughts talks about why she and her boyfriend are a one-car household.
  • If you work hard to save money on groceries, but then let half that food go to waste, you’re not really saving that much after all. Check out Man vs. Debt’s post on how to save money by using up leftovers.
  • This chart from Everybody Loves Your Money kinda freaked me out: What Should Your Net Worth Be – By Age. I just hit the big 3-0 (ugh), and I can’t say I’m near the number this chart says I should be at. What do you guys think…is this realistic, or way out of reach for the average person?

Are there any great posts you came across recently? Share them with us in the comments!

Comments

  1. I love running calculators like that but I’m often suspicious of the numbers, especially the investment returns. I never assume returns as high as 8%; while that may be the historical average, high highs and low lows skew the data and I think we are likely to see low numbers for quite a while.

    The fact that you are taking steps to be financially secure puts you light years ahead of most 30-year-olds, as far as I’m concerned! Persevere and you will be rewarded over time (sounds like a fortune cookie). ;-)

    • Em (The Blonde) says:

      I agree…It’s definitely an optimistic view of how much your investments may be worth. It also doesn’t consider the fact that anything could happen to you to change how much you can put aside each year. Maybe you lose your job and are unemployed for a while. Maybe someone in your family gets sick and you have some big medical expenses to pay.

      I also agree that just trying to be financially responsible is something that puts you way ahead of the game. Even if you can’t invest $2,500/year, if you’re careful not to get into debt and you spend your money wisely, putting some aside regularly for savings, you’re already doing better than most 30 (or 40, or 50!) year olds in today’s world.

      • Exactly. You also never know what positive surprises await you! Maybe you will get a high-paying job with great retirement benefits or move to an area with a lower cost of living. It is hard to predict that far ahead! It also depends on what your vision of retirement is like: Working part time, pursuing hobbies, expensive travel, etc.

  2. I’m really enjoying your blog! I’m intrigued, but this chart seems a little unclear to me. Do the totals represent net worth or just retirement savings? I’m ahead in terms of total net worth but a little behind if it’s just retirement savings. By saving, I agree that I’m way ahead, though. So I will keep plugging away.

    • Em (The Blonde) says:

      I read it as the net worth you need to have at each age in order to have $1 million accumulated by retirement age. What I’d be curious to know is, how did they come up with this number? What are the statistics on what it will cost to actually live off our net worth once we hit 65?

      But you’re right, though…Just saving anything already puts you ahead of many, many people (sadly). As long as you’re planning and saving, you’re investing in your future.

  3. Thanks for including me!

    • Em (The Blonde) says:

      You’re welcome! It’s a topic we’ve thought about a lot, and if we can ever realistically make it happen, I’d love to go the one-car route, too!

  4. Thanks so much for the mention!

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