If you're starting out, I have bad news - given the decreases in salaries for people who've had 10 years experience, I hate to say this but the timing of your graduation is QUITE BAD. Offshoring fueling the latter along with the economic downturn and I don't expect things to improve much.
I have over 10+ years in tech, worked at a major software company and left for the dot bomb craze. I gave up lots of salary for equity and while the company was profitable and public, the market tanked a mere few weeks bef
You've hit the nail on the head. I've completely changed my habits for the better. In addition to saving a lot of money, I've decided to never finance anything ever again, including my home. This government has demonstrated that they'll sell me out in a heartbeat if they can. So I have to budget defensively for the rest of my life. Sad but true.
by Anonymous Coward writes:
on Tuesday April 20, 2004 @11:02PM (#8925075)
I've decided to never finance anything ever again, including my home.
Thats solid advice. Personally, I plan on renting this apartment (only $1000/mo) until I save up the $200,000 (by today's standards, not adjusted for future housing prices) needed to buy a small condo in this area. It might take me 10 years, but I'm gonna save a bundle!
Yikes, $150k will buy you a nice 2000+ sq foot house around here. And $1000 a month is more than 2/3 of the payment on that house. If you add what you are saving on top of that you could be making the payments on a $150k house. Heck, you probably wouldn't be that far from what a comparable house runs where you live. And does your $1000 a month include renter's insurance? If not, the difference between what you are paying and a mortgage payment is less (mortgage payments typically include homeowner's in
Bad news (Score:5, Interesting)
I have over 10+ years in tech, worked at a major software company and left for the dot bomb craze. I gave up lots of salary for equity and while the company was profitable and public, the market tanked a mere few weeks bef
Re:Bad news (Score:2)
You've hit the nail on the head. I've completely changed my habits for the better. In addition to saving a lot of money, I've decided to never finance anything ever again, including my home. This government has demonstrated that they'll sell me out in a heartbeat if they can. So I have to budget defensively for the rest of my life. Sad but true.
Re:Bad news (Score:0)
Thats solid advice. Personally, I plan on renting this apartment (only $1000/mo) until I save up the $200,000 (by today's standards, not adjusted for future housing prices) needed to buy a small condo in this area. It might take me 10 years, but I'm gonna save a bundle!
Re:Bad news (Score:0)
Grandparent Post was Tongue-in-Cheek. (Score:1)
Lameness filter says I have to have some non-whitespace ASCII text in here.