Not talking about 401k or nest egg for home down payment etc., just purely "emergency" money. I feel safe with three-four months worth of pay. You?
How much "rainy day savings" do you have?
|by Anonymous||reply 39||05/23/2013|
I live paycheck to paycheck, and barely even that. Make $40k annually.
|by Anonymous||reply 1||05/22/2013|
Enough to keep me in earring and caftans until they put me in the ground.
|by Anonymous||reply 2||05/22/2013|
$30K in 2 savings accounts.
|by Anonymous||reply 3||05/22/2013|
$1.7M. It's my fuck you fund when the job gets to be too much
|by Anonymous||reply 4||05/22/2013|
Enough to get me through a light drizzle.
|by Anonymous||reply 5||05/22/2013|
Three boyfriends on hand who shit money for breakfast.
|by Anonymous||reply 6||05/22/2013|
If I have 1.7 M I'll retire.
|by Anonymous||reply 7||05/22/2013|
|by Anonymous||reply 8||05/22/2013|
One year in cash - just in case everything else in the world goes to shit. Quite a bit more than that if everything doesn't go to shit.
I worried when I was younger so I put away a lot more than I needed to for years. I don't worry about it anymore.
|by Anonymous||reply 9||05/22/2013|
oh my to all.
|by Anonymous||reply 10||05/22/2013|
Three or four months likely won't be enough for most working folks they unexpectedly loose their jobs . . . eight to twelve months in liquid savings is a wiser choice . . . . not always eay to do I know, but that is my response to the original question.
|by Anonymous||reply 11||05/22/2013|
|by Anonymous||reply 12||05/22/2013|
|by Anonymous||reply 13||05/22/2013|
85K - About 1 years salary in a savings account I consider completely hands off. Pray I never have to use it,
|by Anonymous||reply 14||05/22/2013|
35k liquid, 20k in investments (ETFs on stop loss, accessible should a superemergency arrive).
|by Anonymous||reply 15||05/22/2013|
|by Anonymous||reply 16||05/22/2013|
I just go kill myself
|by Anonymous||reply 17||05/22/2013|
$16,000 in cash which is sufficient to pay all expenses and health insurance for five months. I have no debt and am very frugal. Another $20,000 in a savings account at the credit union. It pays me .01% interest a year. The decimal is not misplaced.
|by Anonymous||reply 18||05/22/2013|
About 75K cash/savings; about 500K in liquid assets.
|by Anonymous||reply 19||05/22/2013|
|by Anonymous||reply 20||05/22/2013|
A 9.5 inch dick, a sexy body, and a stash of blue pills. Thank goodness for wealthy closeted men.
|by Anonymous||reply 21||05/22/2013|
The same amount I had the last time we did this thread.
|by Anonymous||reply 22||05/22/2013|
|by Anonymous||reply 23||05/22/2013|
I quit my job last week. I am 56. I am not planning to go back to work. So, I don't really have a "rainy day savings".
We should have enough in conservative investments to last 4+ years without having to sell stocks.
The first 7 years out of college I pretty much lived paycheck to paycheck. I can't believe I did that. Once we got serious about saving we went balls to the wall.
|by Anonymous||reply 24||05/22/2013|
$7250 but I eliminated all debt last year. I can save $500 a month now. I will get a small pension and full medical in 3 years. I never thought I would be thrilled to turn 55 but it means that I will be able to leave state government, which is currently a train wreck.
|by Anonymous||reply 25||05/22/2013|
|by Anonymous||reply 26||05/22/2013|
$65K right now. I was over $100K but I bought a car.
|by Anonymous||reply 27||05/22/2013|
I am very fortunate not to have to count or worry about things like this - I have a situation where there will always be more than enough.
I think it's great that you have savings, OP (and a lot of other guys here seem to as well). Statistically many Americans don't.
I really salute those who have the discipline to save rather than spend. That kind of habit practiced by my great great grandparents is still paying off for my family today. They started out with nothing besides some land, a few shaky investments, and a very modest nest egg so it can be done - by literally anyone! Goof luck, OP :)
|by Anonymous||reply 28||05/22/2013|
$18K in a savings account. Another thousand in cash at home.
|by Anonymous||reply 29||05/22/2013|
10k that in burning through now since I'm unemployed but actively looking for a job.
|by Anonymous||reply 30||05/22/2013|
There may be a few coins in my couch cushions.
|by Anonymous||reply 31||05/22/2013|
r28, do you chose to hold a job?
|by Anonymous||reply 32||05/22/2013|
R31, "Holla!" I know that, girlfriend. I am in real trouble when that rainy day arrives. I cant believe how many b*itches here know how to save. I must have missed that day in homo class.
|by Anonymous||reply 33||05/22/2013|
[all posts by tedious troll removed.]
|by Anonymous||reply 34||05/23/2013|
I must admit that I do not work currently, R32.
I attempted to start a career years ago (graphic design) but the working conditions at this particular company were deplorable (long hours, very few breaks, etc). I had better ideas than my superiors, but my opinion was never valued highly. I ended up leaving after less than 3 months. It was quite unfortunate, because it stole from me what I could have been a fulfilling and interesting career. The struggle felt good, though.
The silver lining: I realized there is much more to life than work. I'm so glad I dodged the bullet of getting sucked into the rat race. I'm sure you are noticing now that you are retired, but many people get overly caught up in work - for what?
If found myself in need of income tomorrow, I'd probably just take a part time job (something basic /stress-free), move to a low-rent area, skip big-ticket items and refuse to buy into the consumer culture - it's what traps many Americans. I'll never understand why more people don't do something like that.
|by Anonymous||reply 35||05/23/2013|
r35, Instead of working part time, we decided to save a big chunk of our incomes. That didn't do it alone, but it helped.
We have friends visiting next week and it's been so nice to be able to slowly clean instead of having to bust my ass after work.
I really don't know how two people with kids do it, let alone single parents. 40 plus hour work weeks just rob people of their lives.
|by Anonymous||reply 36||05/23/2013|
I only have a few extra caftans and a pair of diamond earrings.
|by Anonymous||reply 37||05/23/2013|
I truly commend your foresight and discipline, R36. I wish you a very happy retirement. I recommend travelling as extensively as you can - of all the various pleasures that money can buy, I have found that travel gives the best return on one's investment.
|by Anonymous||reply 38||05/23/2013|
I was born to privilege.
|by Anonymous||reply 39||05/23/2013|