Re: What are currently your best saving tips ? - Page 5

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Posted by krw@att.bizzzzzzzzzzzz on June 7, 2010, 7:46 pm
 


On Mon, 07 Jun 2010 11:04:29 -0500, me@privacy.net wrote:


Ok?  That doesn't change the facts, other than you'll have some chance of
paying it back.  

Posted by Rod Speed on June 7, 2010, 2:28 pm
 


me@privacy.net wrote


Your situation was rather different. You already had a
decent well paid job and just wanted something different.

Its different with a kid just out of school. It doesnt necessarily
make much sense for one of those to attempt to save up for
the cost of say medical qualification. It makes more sense to
use a student loan to get qualified and start practicing and
start earning a decent income and then pay off the student loan.

What makes sense does vary with the sort of qualifications
you decide you want. Particularly with engineering, there
have always been some jobs that not only allow you to
qualify while working, actually encourage you to do that.
That doesnt work with say qualifying as a doctor tho.



Posted by Tony Sivori on June 7, 2010, 1:18 am
 

Colbyt wrote:

I've lived in and filed taxes in Kentucky for many years. I've never paid
the first penny of tax on any bank account balance.

--
Tony Sivori
Due to spam, I'm filtering all Google Groups posters.

Posted by Ron on June 7, 2010, 1:31 am
 


It would seem that a some people have never done their own taxes, and
when the CPA tells them, we had to pay taxes on your savings account,
they don't understand it was on the interest only.

If you had to pay taxes on a 20K savings account - every yr - there
would be nothing left after about 3 yrs or so.

Posted by Lou on June 7, 2010, 9:29 pm
 



I don't anything about taxes in Kentucky, but whether or not you actually
paid a certain tax doesn't really tell us anything about whether or not such
a tax existed.  It doesn't even tell us if you had a bank balance to pay
taxes on.



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