This isn't necessarily retirement account related but twenty years ago before we ever heard of the bucket approach my wife suggested that we have different savings buckets for different purposes.
We have a car, a vacation, and a general bucket that we put money into monthly. Since then we've never made payments on our vacations or our cars. We don't go on the vacation or purchase a vehicle until we have cash saved up to buy it
I can think of one upside: Musk.
He is the most creative diverse innovative genius of our time, or maybe of all time. That being said, I have two reasons I will not be invest. (1) The valuation and hype make it unreasonable to me, (2) I only own broad market index etf's so if or when they add it to their portfolio I will own it
Your article pointing out the long term savings is absolutely correct. A couple of other points I thought of were , (1) the short term benefit for all of the people that say they love paycheck to paycheck, and (2) it creates a good lifestyle habit that translates to all purchases.
We have three children. One shops at Kroger's because of their sale prices, one shops at Walmart for their everyday low prices, the other shops at Aldi for their extremely low prices. We shop at all three for all of their reasons and because the three stores are in the same shipping plaza,
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This isn't necessarily retirement account related but twenty years ago before we ever heard of the bucket approach my wife suggested that we have different savings buckets for different purposes. We have a car, a vacation, and a general bucket that we put money into monthly. Since then we've never made payments on our vacations or our cars. We don't go on the vacation or purchase a vehicle until we have cash saved up to buy it
Post: Bucket Strategy
Link to comment from June 6, 2026
I can think of one upside: Musk. He is the most creative diverse innovative genius of our time, or maybe of all time. That being said, I have two reasons I will not be invest. (1) The valuation and hype make it unreasonable to me, (2) I only own broad market index etf's so if or when they add it to their portfolio I will own it
Post: SpaceX IPO: Is Margin Optional?
Link to comment from June 5, 2026
Your article pointing out the long term savings is absolutely correct. A couple of other points I thought of were , (1) the short term benefit for all of the people that say they love paycheck to paycheck, and (2) it creates a good lifestyle habit that translates to all purchases. We have three children. One shops at Kroger's because of their sale prices, one shops at Walmart for their everyday low prices, the other shops at Aldi for their extremely low prices. We shop at all three for all of their reasons and because the three stores are in the same shipping plaza,
Post: Shopping carts again…but not what you think
Link to comment from June 3, 2026