No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
@800ficogirl wrote:
Hi I'm curious to know what my peers savings account & etc look like,.. Since this is a safe place to share financial info, let's grow our savings & credit together
Me:
Age -33F
Savings- $3500
Fico - 672
Goal by year end~
Savings - $20,000
Fico- 750
I'm not really a peer, being a generation older at 55 & m. When I was close to the same age - at age 32 - I was going
through my second (and final) divorce. I had about $75K in debts and my only asset was a 10 year old pickup truck.
My net worth at the time was about -$50K and I had to couch surf with friends for a couple months post divorce.
In the intervening years I've buckled down and worked a lot of hours. I also got started with "paying myself first" by making
sure I max'ed the 401K contribution limits available - even when it meant scrimping a bit to do it. The stock market has been
a roller coaster over those years, with the dot.com bubble, the dot.com crash, the early 2000's recovery, the 2008-2009 melt
down and the fed-fueled QE bubble that is ending now. Overall, I've averaged about 8%, but it has been anything but steady.
The tool that did the most for me was the automatic deduction for 401K and also for my regular brokerage savings. You don't
miss (much) what you've never had your hands on. The percentage it has taken me to hit the 401K contribution limits has stayed
steady over the years at 16%. I have worked for 4 different employers over the last 23 years and have been lucky to get between
a 2%-7% match on my 401K's.
My current stats don't put me too far behind where the financial pundits say I should be. I should have done
better, but I started later than I should have with savings and had several bumps in my financial road early on.
On the flip side, my slightly misspent youth still makes me smile and I wouldn't have missed much of it if given
the chance. My stats:
Age -55m
retirement savings: $550,000
cash value of pensions: $250,000
regular savings $280,000
mortgage balance: $ 85,000
Fico8 - 850
Goal by June 2020~ retire (age 59.5) and work when I want on my sideline biz (semi-retirement). I hopefully won't
draw much from my savings until regular retirment age -66- but won't be saving much additional if anything.
retirement savings - $800,000
regular savings - $400,000
mortgage - $0 (paid off)
pensions - as annuity? $2500/month
Fico- won't care
I can't give enough encouragement to younger adults to save, and to start early. My results are middle of
the pack for my work peers. I have some work peers who are quasi-rich and also some who are close to broke.
The only real difference between is discipline. The lifestyle between the savers and spenders converges to a
similar point by age ~50, the only difference by that age is who will be able to retire and how well.
Age: 29M
Savings: ~$2500
401(k): ~$1800
Getting laid off in 2013 and 2015 wiped out my savings and 401(k) balances. Got a new job in November '15, but between paying off debt and paying for a wedding (in 5 weeks!!), I've put very little into savings. After April, I'll start socking away approximately $1500/month into savings.
Goal by the end of the year is to have $15k in savings and keep building on that as my emergency fund, until I hit 12 months of expenses, which is around $31k. Should be there by the end of 2017, if not sooner.
Will do!
I'm really hoping there are no more lay-offs in my future. Having gone through two of 'em in three years, I'm really hoping I will be able to not go through the cycle again of building up my savings account and 401(k) balance, then have to empty them and live off credit cards while unemployed!
My credit cards will be paid off by June--USAA, QS, and Spark are paid off, I've only got balances outstanding on the NFCU and QS1 right now, and the QS1 will be paid off before it reports. Once those are done, I'll be able to put closer to $2k per month towards savings, but should be able to hit at least $1500. Definitely looking forward to having a cushion again!
I have enough to pay everything off, house, cars, CC's and nice chunk left. Last thing I ever wanted was to lose everything again.So i live basic. My house note is 514, 1 car note is 253, owe 20k, another is 273, owe 6k, but has a secured loan against it I took out and the money I took out sits there and pays the loan ( wanted an installment loan), and then I just have my basic bills, food, and my CC debt as of today is 2503 some of thats auto pay bills I charge to a CC so its really not much CC debt as I would have to pay it anyways but i'm racking up my frequent flier miles. We make about 200k yr. My goal is to retire at 55.
I fiured if I lost my job I could pay everything off and be a greeter at walmart. collect carts or something lol