Bankruptcies dont worry me... what worries me is - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Mormon Red Death · 06-28-2007, 04:46 PM

the fact that so many young mormon families are not saving for retirement. With social security going to be less (if at all) and hardly any companies holding on to pensions there is a generation of people who will be working till they die. Lets say you take a family of 6. The wife stays at home with the kids while the father works and makes 60k a year take home 48k after taxes and tax refund. That works out to be 4k a month. Where does that 4k go

400 tithing
50 Fast offering and other offerings
1,700 for Housing (250k house)
75 Cable, Phone Internet
75 Cell phones
110 Electricity and Gas
400 Car Payment and Insurance
100 Student Loans
100 Credit Card
200 Health Insurance

That leaves $790 for clothes, gas, braces, car repairs, food etc...

Where is the young mormon family saving for retirement?

06-28-2007, 04:46 PM	#1
Mormon Red Death Senior Member Join Date: Jan 2006 Location: Clinton Township, MI Posts: 3,126	Bankruptcies dont worry me... what worries me is the fact that so many young mormon families are not saving for retirement. With social security going to be less (if at all) and hardly any companies holding on to pensions there is a generation of people who will be working till they die. Lets say you take a family of 6. The wife stays at home with the kids while the father works and makes 60k a year take home 48k after taxes and tax refund. That works out to be 4k a month. Where does that 4k go 400 tithing 50 Fast offering and other offerings 1,700 for Housing (250k house) 75 Cable, Phone Internet 75 Cell phones 110 Electricity and Gas 400 Car Payment and Insurance 100 Student Loans 100 Credit Card 200 Health Insurance That leaves $790 for clothes, gas, braces, car repairs, food etc... Where is the young mormon family saving for retirement? __________________ Its all about the suit