I do have a 401(k) at least, but other than that am largely a short-term saver.
All of these stories made me nervous about savings in much the same way that starting to think about houses did. Back then it was "I don't have $50K in the bank, so I'll never be able to own a place" and now it's "OMG I need $250K in singles hidden in St Kitt's! And a boat! In case the banks all collapsing also collapses the airlines! ACK!"
At the same time, if everyone panics and starts squirreling everything, then the whole St Kitt's scenario might be true. So, maybe instead I'll spend with the local fence dude. Go out to local restaurants. And just be a leetle bit less spendy.
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All of these stories made me nervous about savings in much the same way that starting to think about houses did. Back then it was "I don't have $50K in the bank, so I'll never be able to own a place" and now it's "OMG I need $250K in singles hidden in St Kitt's! And a boat! In case the banks all collapsing also collapses the airlines! ACK!"
At the same time, if everyone panics and starts squirreling everything, then the whole St Kitt's scenario might be true. So, maybe instead I'll spend with the local fence dude. Go out to local restaurants. And just be a leetle bit less spendy.