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Old 11-17-2007, 07:12 PM   #41
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Originally Posted by bots2019 View Post
I think personal spending habits are often a matter of satisfaction. My grandfather, an uber-saver, seemed to derive perverse pleasure from not spending money, even to the point of deprivation.
Bots2019 or anyone else for that matter....
I have seen this term "uber-saver" on several different threads lately. I have never heard of that before and was wondering what it meant.
Google doesn't recognize it either.:confused:

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Old 11-17-2007, 07:50 PM   #42
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uber = super

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Old 11-17-2007, 08:07 PM   #43
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Scott-Irish/English/German/Swiss/Cherokee background. Parents were/are frugal. Out of 5 children I'm the saver. But I'm also the single one. My brothers and sister like to spend or their spouses like to spend. Obviously when single you have more control over finances (besides everything else!) Personally I don't understand how people can live like that! It's not worth the stress. But what do I know?

From my own experience I don't think it's necessarily true that because parents were savers that makes their children savers. For me it's peace of mind. For them I think they've bought into the whole consumerism mantra we hear/see constantly in the states. It permeates everything here. I've detected resentment from individuals because I chose to save rather than spend. In fact I've had friends tell me NOW that I've retired I need to buy a TV, etc. It doesn't occur to them maybe I'm just not interested! I think people are down right suspicious of savers. Hey I don't care if they spend, it helps my stocks! So spend, please!
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Old 11-17-2007, 09:16 PM   #44
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Originally Posted by joesxm View Post
uber = super
Thanks joesxm....learn something every day on this site.
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Old 11-18-2007, 07:31 AM   #45
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I moved from Ireland to the US during the 1980s. The biggest cultural difference I noticed was the constant pressure to spend in the US. Ads and incentives are all around and there is so much to spend it on. A young person growing up in the US naturally assumes that's "normal". During my 3 years in the US, I found my spending habits influenced to some extent, e.g. Christmas presents for ALL my friends,.....but now I've regained my frugal ways!
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Old 11-18-2007, 08:35 AM   #46
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Originally Posted by UncleHoney View Post
I'm trying to visualize life with an after tax burn rate of $10k-$15k per month. Must be like living in the drivers seat of an F16 with full afterburners on, covering a lot of territory but never seeing a thing.

Lets see..... there would be a mortgage on the McMansion, property taxes and insurance. Then car payments on a bimmer or two or a couple of SUV's and cars for the kids and all the gas and service bills.

Everyone in the house would have a cell phone with txt messaging. There would be highspeed wireless and cable TV with all the sports packages for the 65" HD flat screen and separate feeds for the kids rooms. Need to throw in a few IPods and IPhones for good measure along with some laptops.

Outside I guess there would be the pool and the pool man and the lawn service to keep the place looking nice.

Maybe go out to eat 3-4 times a week (wouldn't want to mess up that nice $75K kitchen with all the fancy stainless steel appliances). Maybe make a few three day trips each month to the beach or skiing in Aspen. Oh yes, got to have the latest skis and the accouterments to go along with them.

Don't forget the membership to the golf club and gym and the latest carbon fiber golf gear.

Hummmmm must be missing something from the list but can't think what it would be right now. Maybe throw in a few jet skis and snowmobiles.

My big question is; How do these people find time to enjoy all the stuff they're paying for? Just writing checks for all this stuff would keep me busy and worrying what will happen when it all comes to an end. Looks like they're running down the street carrying a leaking keg of gun powder.
Well, let me help you out a bit here. My income is well north of your example. Some of your description fits, while much of it does not.

20 years ago it started out with wife being the saver and me being the spender. I grew up poor in a hand-to-mouth environment, so had no clue how to handle money, even though I was dedicated to making a lot of it. She grew up with the original Millionaire Next Door family (I kid you not), so saving and frugality were baked into her DNA.

Now, I'd say we're about even. I've come around to her thrifty ways and she's loosened up a lot on spending (income permitting). We've also reached a point in NW where we can breath a lot easier knowing our future retirement is well on the way to being fully funded.

We spend on clothes, going out, and housing. This is partly a function of living and working in the big city. We don't own cars (or jet skis/snowmobiles), and our TV would qualify as an antique. We're generally pretty low tech people, except we do have cell phones (who doesn't these days), high-speed internet (needed for work), and cable (for really just for the reception). Shamefully, I have an Ipod.

To our less economicly-gifted families and friends, I know we are a puzzling couple: in some ways we seem ostentatious, in other ways we seem practically austere. We try to focus spending only on those goods and services and experiences that would make a meaningful difference to us. In particular, having grown up fairly poor, I like trying new luxury things, at least to say I've tried it once. Most things I don't need to repeat.

We also enjoy saving and seeing our investments and NW grow. We establish a budget for spending and saving at the beginning of each year, and we're pretty good at sticking to it (now that there's enough money that neither of us feels too constrained). In fact, for 2007, we were about 40% under budget, which allowed us to make an interesting investment we might not have otherwise considered.

As to having time to spend it, well I must admit that we save a lot of money that way. I have a demanding career and wife is always involved in numerous interests that do not leave either of us much time for shopping. But, we gain satisfaction from our work and interests. Interestingly, following this forum has convinced me that I want to continue working for at least another 10 years (to mid-50's). I'm not someone who can't wait to quit their J*b and I like the lifestyle we have (expensive though it may be) and want to make sure we have the means to continue some semblance of it in retirement. I might change my mind if work became too onerous, but life life is all about trade-offs. I'm happy to have the choices.

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