what are savings? - Printable Version +- Cricket Windies (https://cricketwindies.com) +-- Forum: What’s on Your Mind? (https://cricketwindies.com/forum-3.html) +--- Forum: The Water Cooler! (https://cricketwindies.com/forum-4.html) +--- Thread: what are savings? (/thread-6961.html)

what are savings? - Ryan - 09-05-2012 savings... is it how much money you have in your checking/savings account? is it your retirement plan? is it your discretionary funds? is it your true worth when accounting for debt (school, mortgage, vehicles, etc)? does salary even matter i'm hitting a financial life milestone, but it doesn't feel like what i imagined when younger. Re: what are savings? - chairman - 09-05-2012 total assets minus debt Re: what are savings? - villagebelle - 09-05-2012 at 20 it is how much money you have in your savings/chequing account!! at 57 it is all on your list....expecially the retirement funds and if one is mortgage-free or not and of course salary matters! but how you manage that salary from the time you start earning one matters even more that will determine your worth at retirement Re: what are savings? - SCA - 09-05-2012 savings are really deferred spending....money not spent are excess funds you have in your current account balance, and should not be misconstrued with working funds, i.e. monies intended to pay loans, mortgages etc. It is not your net worth either. Net worth is really a term used to determine how rich one is after all liabilites are satisfied, but that does not factor in liqudity, the ability to convert hard assets to liquid cash. Your retirement account and discretionary funds are considered savings. Your salary facilitates the funding of these accounts/funds. Re: what are savings? - villagebelle - 09-05-2012 SCA......you must be one ah dem.....Financial Advisors!! too complicated for me! hocked: Re: what are savings? - Captain - 09-05-2012 make sure you have prenuptial Re: what are savings? - ketchim - 09-05-2012 Alternative Saving :