Young Savers

Welcome to the Young Savers Blog. This blog is for people in their 20s and 30s to discuss saving, spending, investing, finances, getting rich slowly, getting rich not so slowly, and the issues that face young savers.

Things have changed a great deal for younger (gen x, gen y) workers. My grandfather and my father each had pensions for retirement. Even if they saved $0 for retirement, they could live reasonably comfortably. I'm hoping to get a nice pat on the back on my last day of work. When my father went to work, he paid for it by working in the summers. When my son goes to college, my alma mater is going to have tuition over $100K per year. On the other hand, people are saving less and less.

How much do we need to save? What should we invest in - stocks, bonds commodities, real estate? Does the traditional investing advice still make sense? What if you are trying to save money, what should you save money on? You've seen the traditional articles that you'll save x hundred of dollars a year if you cut out the morning lattes. What if you don't have a morning latte to cut out, or don't want to cut out a morning latte.

This blog will explore all of those questions and more. Hope that you will enjoy the discussions.