how much do you have saved?

[vanillabean]

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@SantaMar wrote:

we all use credit to our advantage, but what do you have liquid?

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The sale of my house closed just days ago, which means I have never been as liquid as I am now. Does that count? (I am storing the money in an American Express Bank High-Yield Savings Account by the way.)

[ptilda]

Age 38 and just starting over after years of school (still working on my graduate degree) and a divorce where I thought I'd never see a credit score as high as 400 again!

Now in a more-or-less stable job with the goal of a 6% raise by the end of the year (pretty much qualifying already, so I can plan on it), and a promo by this time next year.

I have a high-yield savings act at Barclays where I'm auto-depositing every 2 weeks. That is far below my 3-6 month living expenses, but at least I'm starting! It should be at $1k in the next few months... yeah, I know...

I also have been puting a few dollars into short and long-term CDs at Barclays and my CU every two weeks or so, alternating between short and long so they'll start maturing consistently in a few years. First ones will mature in December of this year. That comes to about $500.

I have almost $5k spread between my ROTH IRA, 401K, and SPO, and that's all from within about 7 months.

I have a ton of student loans (in deferment and interest not being charged yet, so I'm praying I'll be in a better spot once they come due). Own my car free & clear.

Hubby is joining me in the next few months (prayerfully) from Haiti (where he's from), and will start working (fingers crossed) to contribute additional. We plan on starting our own business in the next 2-3 years, including purchasing the property.

Retirement plan is in Haiti where the cost of living is much lower, so even with a late start, we're not going to be in horrible shape if everything keeps up as is.

[Dalanar]

Age: 31

Income: $70-80k

Checking/Savings: $15-20k

401K: between $130 - 160k

I think I am a pretty big spender and definitely can use the extra cash in the bank.

[CharlieP]

Stocks and bonds definitely count towards savings. If you're putting aside money at 0.95% (the highest rate I've seen lately, from Synchrony Bank) you're losing out after taxes and inflation. So called "risk-free" investments are very risky in that you're guaranteed not to keep up with inflation and taxes.

[Dalanar]

Barclays Savings also rewards .95%

[SomeGuyOnTheWeb]

This might come off the wrong way, but I'm always amazed at how many 20-something there are with $50K/year+ jobs and tens of thousands saved up in retirement accounts. I'd be curious as to where some of you are living and what you do for a living. Because God knows those jobs don't exist in Florida 

[vanillabean]

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@SomeGuyOnTheWeb wrote:

This might come off the wrong way, but I'm always amazed at how many 20-something there are with $50K/year+ jobs and tens of thousands saved up in retirement accounts. I'd be curious as to where some of you are living and what you do for a living. Because God knows those jobs don't exist in Florida 

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Maybe they aren't married to someone who loves to shop, lol. Anyway, a 50K income is a 50K income; what might be different is something like cost of living in the given area or whether the company matches your 401k contribution, I would imagine.

[Florida1990]

I have $5.00 lmao saved college student and poor lol

[SomeGuyOnTheWeb]

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@Anonymous-own-fico wrote:

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@SomeGuyOnTheWeb wrote:

This might come off the wrong way, but I'm always amazed at how many 20-something there are with $50K/year+ jobs and tens of thousands saved up in retirement accounts. I'd be curious as to where some of you are living and what you do for a living. Because God knows those jobs don't exist in Florida 

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Maybe they aren't married to someone who loves to shop, lol. Anyway, a 50K income is a 50K income; what might be different is something like cost of living in the given area or whether the company matches your 401k contribution, I would imagine.

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While that may be true, it's still mildly depressing to think about lol.

[Cinn]

20-somethings with large incomes tend to be in medical, engineering, tech, finance, and so on.