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What are your financial goals??
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amother




OP
 

Post  Fri, Aug 21 2020, 12:15 am
After owning a home and redecorating...what else would you/ do you save your money for?
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amother




Seagreen
 

Post  Fri, Aug 21 2020, 12:18 am
Tuition for a good high school for my sons.
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amother




Jetblack
 

Post  Fri, Aug 21 2020, 12:31 am
Children’s weddings, college, retirement and invest invest invest
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tryinghard




 
 
 
 

Post  Fri, Aug 21 2020, 12:42 am
Not something I’m saving for but a financial goal: I would love to be able to pay full tuition b’simcha.
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working_mom




 
 
 
 

Post  Fri, Aug 21 2020, 2:30 am
Children’s weddings, retirement
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amother




White
 

Post  Fri, Aug 21 2020, 7:36 am
Giving large amounts of tzedakah
Having savings to cover tuition, weddings

My current financial goals are to get further out of debt instead of further in it, to pay tuition, and to make it through the month! (We do give 20% to tzedakah, I'd love to give more.) Won't start savings until we are out of credit card debt.
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amother




Turquoise
 

Post  Fri, Aug 21 2020, 7:37 am
My kids, retirement
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amother




Royalblue
 

Post  Fri, Aug 21 2020, 9:47 am
Saving a nice amount for each of my children. My parents did this and allowed me to buy a home using the money as a down payment and still have a nice savings account.
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amother




Slategray
 

Post  Fri, Aug 21 2020, 9:53 am
amother [ White ] wrote:
Giving large amounts of tzedakah
Having savings to cover tuition, weddings

My current financial goals are to get further out of debt instead of further in it, to pay tuition, and to make it through the month! (We do give 20% to tzedakah, I'd love to give more.) Won't start savings until we are out of credit card debt.


If you can't pay tuition and are in debt I don't see how giving 20% of your earnings to tzedaka makes any sense. Maaser is 10% and you are even allowed to use Maaser for tuition if you can't otherwise afford it...
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amother




Sienna
 

Post  Fri, Aug 21 2020, 9:56 am
amother [ Slategray ] wrote:
If you can't pay tuition and are in debt I don't see how giving 20% of your earnings to tzedaka makes any sense. Maaser is 10% and you are even allowed to use Maaser for tuition if you can't otherwise afford it...


Even if you can otherwise afford tuition, ask a rav because there are a lot of leniencies in regarding to paying tuition with masser money...
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TwinsMommy




 
 
 
 

Post  Fri, Aug 21 2020, 10:29 am
I love how you have owning a home and redecorating as first things first----- not for us. We plan NEVER to own a home. We're now 46 and are very happy renting---- whenever something goes wrong our wonderful landlord fixes it for us. We wouldn't be happy renting if it meant an apartment but we live in Cleveland and have a huge house. Redecorating? blah. We're happier spending on sefarim and siddurim.
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SixOfWands




 
 
 
 

Post  Fri, Aug 21 2020, 10:32 am
Retirement, retirement, retirement.

I do want to refinish floors, paint, and get a new couch, but that's on a different level.
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amother




Floralwhite
 

Post  Fri, Aug 21 2020, 10:41 am
amother [ White ] wrote:
Giving large amounts of tzedakah
Having savings to cover tuition, weddings

My current financial goals are to get further out of debt instead of further in it, to pay tuition, and to make it through the month! (We do give 20% to tzedakah, I'd love to give more.) Won't start savings until we are out of credit card debt.


Wow! That's a lot of Tzedakah if you still have your own debt!
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FranticFrummie




 
 
 
 

Post  Fri, Aug 21 2020, 11:10 am
Tzedaka, first and foremost.

Next, I would LOVE to send DD to the university of her dreams. It's outrageously expensive, and admission rates are extremely low. You have to be the best of the best to even be considered. She's been building her portfolio for two years already.

https://en.wikipedia.org/wiki/....._Arts
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amother




White
 

Post  Fri, Aug 21 2020, 11:20 am
amother [ Slategray ] wrote:
If you can't pay tuition and are in debt I don't see how giving 20% of your earnings to tzedaka makes any sense. Maaser is 10% and you are even allowed to use Maaser for tuition if you can't otherwise afford it...

I agree with you in theory, but practically we saw that we ended up with more money once we started giving 20% consistently. So now we stick with that. When we paid tuition with maaser, we ended up with less at the end of the day. So we do what works Smile
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amother




Purple
 

Post  Fri, Aug 21 2020, 11:36 am
my huaband's is to retire early an d set the kids up financially. I don't have such big goals but Im a SAHM already Wink
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amother




Mistyrose
 

Post  Fri, Aug 21 2020, 11:38 am
Tuition
Tzedaka
Retirement - investments
Wedding/college/simcha funds- investments
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icebreaker




 
 
 
 

Post  Fri, Aug 21 2020, 11:41 am
Retirement, long vacations
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stillnewlywed




 
 
 
 

Post  Fri, Aug 21 2020, 11:41 am
Save for weddings and retirement. Start a fund for each of your kids.
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Lady A




 
 
 
 

Post  Fri, Aug 21 2020, 1:01 pm
Retirement, kids educations, redoing several rooms in our house (it’s old and bathrooms not changed since 1942)! New kitchen.

Weddings as well but we don’t do the whole FLOPS thing. We are fairly MO and don’t plan on buying a line of silver, jewelry, seforim when they marry.
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