I was playing bridge with 3 ladies yesterday and I mentioned that I save at a bank that is now paying 3.1% interest on any checking account that maintains a $1000 balance.
One of the ladies has just turned 62 and now gets a social security check every month. I don't know how much, but since she was an interior decorator, I assume she gets a pretty good check. (I get $551 a month)
She was bragging that her husband still gives her an allowance (he is an airlines pilot) plus she gets this new check to spend and she spends it all.
So, when I was talking, she asks me why I was saving my money and not spending it all. I did not want to be rude, so i just said, I will leave the money to friends and the animal shelter, but I really thought this.
She is having a new home built and the house is being completely financed by the bank.
My real answer was, because I never wanted to have a mortgage when I was 62!!
My dh, being a builder, has built for so many people who are older and have full mortgages on their new homes. I haven't paid a mortgage payment in years and years.
I realize that saving money is my hobby. I enjoy it and think it is a lot more fun than spending money for "stuff"
Saving is my hobby!!
July 1st, 2008 at 02:20 pm
July 2nd, 2008 at 07:56 pm 1215028610
July 22nd, 2008 at 12:15 am 1216685730