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It taught me a lot of things when I had to learn on my own. Sometimes when you got through it yourself things click. You can judge what I said all you want. He is young, its not like he has a family a home and just dropping all that money. In my post there is no mention of how much he is going to put down or anything.
And its exactly what it is, a savings account. You still can live paycheck to paycheck while having a healthy savings account. That is why its called a savings account. Last time I checked you put money aside to not tap into it. I live paycheck to paycheck while putting in 500-700 a month into savings. Doesn't mean I am in a bad financial situation.
I know someones gonna say something about paycheck to paycheck generally means you don't have any money to put aside, and maybe that is the difference as I see it, I consider savings a bill that must be paid, therefore its calculated as that, as oppose to money that can be "put aside".
Last edited by Gregory Gawaran; 09-29-2012 at 11:43 AM.
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