Done To Zen

MSN Money has an article about the characteristics of people addicted to saving. Via FreeMoneyFinance:

You’re probably a saver if you:

1. Save more than 20% of your earned income each year.
2. Spend and give away less than 3% of your total net worth each year.
3. Increase your net worth by more than 5% from year to year.

Me

1. Yep, I save 20% of my earned income each year. I save a lot more than 20% of my earned income each year.

2. Are they talking about spending savings? I hate spending savings and usually restrict my spending to my income for the year. This year has been something of an aberration because Yours Truly is slogging through her MBA, which unfortunately cannot be financed completely through earned income…

3. I’ve only started tracking net worth this year, but I’ve been increasing my net worth by 25% (give or take a couple of percentage points) over the past couple of years.

So, looks like MSN Money would classify me as a saver (though I don’t much feel like one this year). What about you?

Junger over at Online Savings Blog wants to know how many funds we have:

An open question to everyone to start off the week: how many funds do you have?

In funds, we’re talking about savings, not mutual funds. Examples:

• car
• emergency
• college
• retirement
• house
• vacation
• PlayStation

I have:

1. Emergency
2. College (2)
3. Roth IRA
4. Traditional IRA
5. 401K
6. Travel
7. Fun

I used to have a fund for downpayment on my future rental real estate property but I’ve since dumped it into my emergency fund because I didn’t have 3 months’ worth of emergenices yet. At some point (probably late next year), I will reinstate this fund. I’ve also been eyeing the new MacBook PRO. I know I won’t buy it next year (my current MacBook is just 2 years old). Maybe for Christmas 2010.

How about you? What funds do you have into?