Comments on: How Much Does $20 A Week Amount To Over Time? http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/ A place to discuss money...for the rest of us. Tue, 22 May 2012 00:24:51 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: The 123rd Carnival of Personal Finance (The Boo! editinon) | The Dough Rollerhttp://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-23315 The 123rd Carnival of Personal Finance (The Boo! editinon) | The Dough Roller Sat, 10 Nov 2007 15:25:04 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-23315 [...] How Much Does $20 A Week Amount To Over Time? (@ My Two Dollars): “I know a lot of people think that they cannot afford to save money because they have too many bills or don't make enough money every week to actually put anything aside. But for those of you in this situation, I wanted to point out how even $20 a week can add up over a long time.” [...] [...] How Much Does $20 A Week Amount To Over Time? (@ My Two Dollars): “I know a lot of people think that they cannot afford to save money because they have too many bills or don’t make enough money every week to actually put anything aside. But for those of you in this situation, I wanted to point out how even $20 a week can add up over a long time.” [...]

]]> By: Weekly Dividend Investing Roundup - November 2, 2007http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-23091 Weekly Dividend Investing Roundup - November 2, 2007 Fri, 02 Nov 2007 13:50:11 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-23091 [...] How Much Does $20 A Week Amount To Over Time? My Two Dollars does a good job of showing us investors how a little bit really ads up! At 4.3%, $20 per week ads [...] [...] How Much Does $20 A Week Amount To Over Time? My Two Dollars does a good job of showing us investors how a little bit really ads up! At 4.3%, $20 per week ads [...]

]]> By: J at Home Finance Freedomhttp://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22919 J at Home Finance Freedom Fri, 26 Oct 2007 14:58:15 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22919 The first big savings for the target audience comes from breaking even on the investment (after taxes/inflation) and then not financing a car at 10%. They can tweak their returns once the good habit takes root. The first big savings for the target audience comes from breaking even on the investment (after taxes/inflation) and then not financing a car at 10%. They can tweak their returns once the good habit takes root.

]]> By: Carnivals And Festivals For The Week of October 22 2007. | My Two Dollarshttp://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22918 Carnivals And Festivals For The Week of October 22 2007. | My Two Dollars Fri, 26 Oct 2007 14:31:55 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22918 [...] took part in The 123rd Carnival of Personal Finance hosted over at Dough Roller. My post “How Much Does $20 A Week Amount To Over Time?” was [...] [...] took part in The 123rd Carnival of Personal Finance hosted over at Dough Roller. My post “How Much Does $20 A Week Amount To Over Time?” was [...]

]]> By: Robhttp://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22908 Rob Fri, 26 Oct 2007 01:38:13 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22908 Losing might be a strong word, but after taxes you'll be unlikely to keep up with inflation. I don't see the compound interest from an ING or similar account as being sufficient to motivate people to save. It's important, but more to save you from credit cards and other unwise forms of borrowing in the future. Also, will ING really have interest rates over 4% for the next 50 years? This is a sincere question. I don't know. Investing 20 bucks a week in a well diversified but not too concervative IRA for 50 years could be the difference between taking a taxi to you doctor's appointments or having to ride the bus when you retire. That image could motivate.... Losing might be a strong word, but after taxes you’ll be unlikely to keep up with inflation. I don’t see the compound interest from an ING or similar account as being sufficient to motivate people to save. It’s important, but more to save you from credit cards and other unwise forms of borrowing in the future.

Also, will ING really have interest rates over 4% for the next 50 years? This is a sincere question. I don’t know.

Investing 20 bucks a week in a well diversified but not too concervative IRA for 50 years could be the difference between taking a taxi to you doctor’s appointments or having to ride the bus when you retire.

That image could motivate….

]]> By: davidhttp://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22907 david Fri, 26 Oct 2007 01:28:46 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22907 The point was to encourage people to think long term. I am not losing any money, but this is for people who don't save anything. Thanks for the comment. The point was to encourage people to think long term. I am not losing any money, but this is for people who don’t save anything. Thanks for the comment.

]]> By: Robhttp://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22906 Rob Fri, 26 Oct 2007 01:03:22 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22906 Not to discourage savings, but... After taxes and inflation, 20 bucks a week will be worth a little over 26 grand. Rough estimate using: http://cgi.money.cnn.com/tools/savingscalc/savingscalc.html Play around with it. Problem is that 20 x 52 x 50 = 52,000. You're losing money. Having an emergency account is great, but for long term investing consider something a little more risky. Index funds, etc. Not to discourage savings, but…

After taxes and inflation, 20 bucks a week will be worth a little over 26 grand.

Rough estimate using:
http://cgi.money.cnn.com/tools/savingscalc/savingscalc.html

Play around with it.

Problem is that 20 x 52 x 50 = 52,000.

You’re losing money. Having an emergency account is great, but for long term investing consider something a little more risky. Index funds, etc.

]]> By: rocket finance » Blog Archive » 123rd Carnival of Personal Financehttp://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22817 rocket finance » Blog Archive » 123rd Carnival of Personal Finance Mon, 22 Oct 2007 19:24:57 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22817 [...] How much does $20 a week amount to over time  at My Two Dollars is my favorite post from this week. It runs along the same lines as my post about 20 year olds reading the WSJ. This is a marketing idea that someone must run with. I am actually talking to a banker about this idea in the next two weeks. [...] [...] How much does $20 a week amount to over time  at My Two Dollars is my favorite post from this week. It runs along the same lines as my post about 20 year olds reading the WSJ. This is a marketing idea that someone must run with. I am actually talking to a banker about this idea in the next two weeks. [...]

]]> By: One Snarky Chica with Issues » Carnival of Personal Finance #123 is up!http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22804 One Snarky Chica with Issues » Carnival of Personal Finance #123 is up! Mon, 22 Oct 2007 12:40:33 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22804 [...] How Much Does $20 A Week Amount To Over Time? at My Two Dollars [...] [...] How Much Does $20 A Week Amount To Over Time? at My Two Dollars [...]

]]> By: The Weather Here Is Wonderful - Plus A Stroll Through My Blogrollhttp://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22797 The Weather Here Is Wonderful - Plus A Stroll Through My Blogroll Sun, 21 Oct 2007 23:07:13 +0000 http://www.mytwodollars.com/2007/10/17/how-much-does-20-a-week-amount-to-over-time/#comment-22797 [...] My Two Dollars has written a post “after my own heart” - How much does @20 a week amount to over time? [...] [...] My Two Dollars has written a post “after my own heart” – How much does @20 a week amount to over time? [...]

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