Why is saving money so hard?

[TheSlamma]

dinks unite!

hell yeah!!!

 

[TheSlamma]

Being taxed ~30% of my income followed by sales tax, property tax, tolls etc... doesn't help. Did I mention I still owed money to the government after all those taxes? I'm sure they put my money to EXCELLENT use though :whiste:

We all pay them man (well minus the "job creators")

I just got my value from the assessor a few weeks ago, Denver thinks my house went up $160,000 in the last YEAR and it went up 50K the year before that. They are just money hungry, just cause a bunch of people with CREDIT and low interest rates are willing to go and get a loan and buy my house for that much doesn't mean it's WORTH that much. No ones salaries are raising at that rate, again this is all being sourced by CREDIT.

I keep wondering when this latest bubble is going to burst. Just like last round though I'll be ready with a zero balance on debt while everyone else tells their weak sob stories to CNN how they had it all and now they have nothing cause they couldn't control their urge to participate in the musical chairs economy game.

 

[PricklyPete]

We all pay them man (well minus the "job creators")

I just got my value from the assessor a few weeks ago, Denver thinks my house went up $160,000 in the last YEAR and it went up 50K the year before that. They are just money hungry, just cause a bunch of people with CREDIT and low interest rates are willing to go and get a loan and buy my house for that much doesn't mean it's WORTH that much. No ones salaries are raising at that rate, again this is all being sourced by CREDIT.

I keep wondering when this latest bubble is going to burst. Just like last round though I'll be ready with a zero balance on debt while everyone else tells their weak sob stories to CNN how they had it all and now they have nothing cause they couldn't control their urge to participate in the musical chairs economy game.

It is ridiculous how quickly houses are going up here in Denver. Has to be a bubble. I thought the lower oil prices might change things (loss of high paying oil jobs), but so far things seem to be humming a long. Looking at comps in my area (wash park west), I'd say our house has easily gone up in value by $100-125k since we bought in 2012. Zillow thinks it has gone up even more, but I don't trust those zestimates.

This cheap credit is definitely the cause and it makes me sick seeing so many people overextending themselves.

 

[Safeway]

Being taxed ~30% of my income followed by sales tax, property tax, tolls etc... doesn't help. Did I mention I still owed money to the government after all those taxes? I'm sure they put my money to EXCELLENT use though :whiste:

Start your own business and deduct all the things.

 

[monkeydelmagico]

Start your own business and deduct all the things.

Put all assets in said business name. Leverage everything to the hilt. Buy lots of nice things for friends and relatives. Declare bankruptcy. Rinse. Repeat.

Until our .gov, banking friends, and the fed value savers over spenders it's going to continue to be "hard" to save money. So how much is granny and grampy earning on those t-bills again?