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The Water Cooler
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How are your savings?
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<blockquote data-quote="foghorn918" data-source="post: 4115953" data-attributes="member: 11059"><p>Pretty much our situation. Never made much money, and always had a house payment, at least 1 car payment, and always seem to carry credit card debt while all four kids were at home. Heck some months I had to charge gas the week before payday just to get to work ( I got paid once a month). Only now in retirement do we have the house I wish we had when the kids were at home and finally not living paycheck to paycheck. Key for us was getting debt free before retirement. Have a decent pension after 41 years at the same workplace and wife's SS. My SS is being banked because as of right now we don't need it for living expenses, guess that's our hedge against inflation, someday we'll probably be needing it to live on too.</p></blockquote><p></p>
[QUOTE="foghorn918, post: 4115953, member: 11059"] Pretty much our situation. Never made much money, and always had a house payment, at least 1 car payment, and always seem to carry credit card debt while all four kids were at home. Heck some months I had to charge gas the week before payday just to get to work ( I got paid once a month). Only now in retirement do we have the house I wish we had when the kids were at home and finally not living paycheck to paycheck. Key for us was getting debt free before retirement. Have a decent pension after 41 years at the same workplace and wife's SS. My SS is being banked because as of right now we don't need it for living expenses, guess that's our hedge against inflation, someday we'll probably be needing it to live on too. [/QUOTE]
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