Current Events > How much do you have in savings?

(+) Yeah! (+)

Not counting investments...just money you can pull out to cover an emergency right this instant.
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$30,000, and I imagine most of this board has more.
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Pepys Monster posted...

$30,000, and I imagine most of this board has more.

Considering half of the US falls under the first two voting options, I don't think most people here have tens of thousands set aside.
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littlebro07 posted...

Pepys Monster posted...

$30,000, and I imagine most of this board has more.

Considering half of the US falls under the first two voting options, I don't think most people here have tens of thousands set aside.

40% does so far.
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Why is this topic on CE every freaking day?
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Not counting investments or equity I've got about 9 grand.
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Over $30k in multiple types of accounts.

Why's $20,000 the highest option? Is this the poor people poll?
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My monthly costs are painfully high. I keep 30k on ice because that is literally six months' cost
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littlebro07 posted...

Pepys Monster posted...

$30,000, and I imagine most of this board has more.

Considering half of the US falls under the first two voting options, I don't think most people here have tens of thousands set aside.

People can lie.
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REMercsChamp posted...

Why's $20,000 the highest option? Is this the poor people poll?

I ran out of spots >_>
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Darkman124 posted...

My monthly costs are painfully high. I keep 30k on ice because that is literally six months' cost

Dafuck

What costs $5000 a month? Is most of that just housing related?
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littlebro07 posted...

Darkman124 posted...

My monthly costs are painfully high. I keep 30k on ice because that is literally six months' cost

Dafuck

What costs $5000 a month? Is most of that just housing related?

Mortgage, car, food, utilities, luxuries, etc
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Few aspects.

Our mortgage is 2300/mo PITI.

Utilities, Internet, Prime, Netflix, Car Insurance, Spotify, it all adds up

Then there's home repairs, a never ending series of "one time" costs

And the rest is luxuries
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littlebro07 posted...

REMercsChamp posted...

Why's $20,000 the highest option? Is this the poor people poll?

I ran out of spots >_>

Should've made the categories more like:

0-$100,000
$100,000-$500,000
$500,000-$2,000,000

etc
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REMercsChamp posted...

littlebro07 posted...

REMercsChamp posted...

Why's $20,000 the highest option? Is this the poor people poll?

I ran out of spots >_>

Should've made the categories more like:

0-$100,000
$100,000-$500,000
$500,000-$2,000,000

etc

so 99% of the poll would be one option?

REMercsChamp posted...

Should've made the categories more like:

0-$100,000
$100,000-$500,000
$500,000-$2,000,000

Then 98% of votes would've been the first option
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REMercsChamp posted...

Mortgage, car, food, utilities, luxuries, etc

My mortgage, two car payments, insurance, phones, utilities, internet, gym, security system, groceries and gas is about $2700 a month.

I can't imagine having another $2300 in just necessities, but several of my bills are pretty low.
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littlebro07 posted...

REMercsChamp posted...

Mortgage, car, food, utilities, luxuries, etc

My mortgage, two car payments, insurance, phones, utilities, internet, gym, security system, groceries and gas is about $2700 a month.

I can't imagine having another $2300 in just necessities, but several of my bills are pretty low.

1. You live in the middle of fucking nowhere
2. You aren't buying enough luxury items. Not nearly enough.
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Doe posted...

REMercsChamp posted...

Should've made the categories more like:

0-$100,000
$100,000-$500,000
$500,000-$2,000,000

Then 98% of votes would've been the first option

Like I said - is this the poor people poll?
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Darkman124 posted...

Our mortgage is 2300/mo PITI.

Oh, there it is. Ours is just $1014/mo PITI and PMI. Wanted to stay under a grand but property taxes skyrocketed last year even though my insurance went down :(
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REMercsChamp posted...

1. You live in the middle of fucking nowhere
2. You aren't buying enough luxury items. Not nearly enough.

Omaha...not exactly middle of nowhere but yeah, nothing in comparison to cost of living in California or New York.

And hey man, I own not one, but two Xbox Ones >_>
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We also have pets and host a ton of parties

Parties are prob a major budget item

Like 50+ people in our house. My brewing keeps beer from being a major budget item
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Stop responding to REMercs.
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I'm saddened by all the $0 votes.

Had my savings completely wiped clean a couple years ago and it was the worst fucking feeling ever.
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littlebro07 posted...

I'm saddened by all the $0 votes.

It'd be much sadder than appears if people didn't lie.
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voldothegr8 posted...

littlebro07 posted...

I'm saddened by all the $0 votes.

It'd be much sadder than appears if people didn't lie.

Eh, with the options given I'd say most are honest aside from the last one. I'd guess only half of those are true at most.
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Anyone working a full time job should be able to save $100,000 within a few years of working. End of discussion.
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REMercsChamp posted...

Why's $20,000 the highest option? Is this the poor people poll?

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quite a bit
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REMercsChamp posted...

Anyone working a full time job should be able to save $100,000 within a few years of working. End of discussion.

he specifically excluded investments, so he is basically asking how much money is in your emergency fund. that fund should be somewhere around 3-6 months of expenses. and there are very few people who have $16k+ of expenses each month.
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bkkorps posted...

REMercsChamp posted...

Anyone working a full time job should be able to save $100,000 within a few years of working. End of discussion.

he specifically excluded investments, so he is basically asking how much money is in your emergency fund. that fund should be somewhere around 3-6 months of expenses. and there are very few people who have $16k+ of expenses each month.

Doesn't matter - you should have that much ON TOP of your investments
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littlebro07 posted...

Pepys Monster posted...

$30,000, and I imagine most of this board has more.

Considering half of the US falls under the first two voting options, I don't think most people here have tens of thousands set aside.

This is CE, where everyone started their 401K at 13 and has no expenses.
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User Info: chill02
Elite User Since: Jun 2016Karma: 617Active Posts: 562

Damn dude, you planning on leaving the house one of these days?
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bkkorps posted...

REMercsChamp posted...

Anyone working a full time job should be able to save $100,000 within a few years of working. End of discussion.

he specifically excluded investments, so he is basically asking how much money is in your emergency fund. that fund should be somewhere around 3-6 months of expenses. and there are very few people who have $16k+ of expenses each month.

Stop responding to him. Hes a troll.
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littlebro07 posted...

I'm saddened by all the $0 votes.

Had my savings completely wiped clean a couple years ago and it was the worst fucking feeling ever.

what happened to your savings?

REMercsChamp posted...

bkkorps posted...

REMercsChamp posted...

Anyone working a full time job should be able to save $100,000 within a few years of working. End of discussion.

he specifically excluded investments, so he is basically asking how much money is in your emergency fund. that fund should be somewhere around 3-6 months of expenses. and there are very few people who have $16k+ of expenses each month.

Doesn't matter - you should have that much ON TOP of your investments

no, you should be investing the money above your 3-6 month emergency fund, unless you have some other intent with that money (like saving for a downpayment on a house). if you have $100k sitting in your bank account with no near term goals for more than half of that, you are mishandling your money.
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bkkorps posted...

REMercsChamp posted...

bkkorps posted...

REMercsChamp posted...

Anyone working a full time job should be able to save $100,000 within a few years of working. End of discussion.

he specifically excluded investments, so he is basically asking how much money is in your emergency fund. that fund should be somewhere around 3-6 months of expenses. and there are very few people who have $16k+ of expenses each month.

Doesn't matter - you should have that much ON TOP of your investments

no, you should be investing the money above your 3-6 month emergency fund, unless you have some other intent with that money (like saving for a downpayment on a house). if you have $100k sitting in your bank account with no near term goals for more than half of that, you are mishandling your money.

Why's that? What if you lose the money you invested? Would've been better to have it in savings.
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sktgamer_13dude posted...

bkkorps posted...

REMercsChamp posted...

Anyone working a full time job should be able to save $100,000 within a few years of working. End of discussion.

he specifically excluded investments, so he is basically asking how much money is in your emergency fund. that fund should be somewhere around 3-6 months of expenses. and there are very few people who have $16k+ of expenses each month.

Stop responding to him. Hes a troll.

https://www.youtube.com/watch?v=OqjEGI2jk2A
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Irony is, REMercs is unemployed
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CharlesBronson posted...

littlebro07 posted...

I'm saddened by all the $0 votes.

Had my savings completely wiped clean a couple years ago and it was the worst fucking feeling ever.

what happened to your savings?

Combination of things.

Medical bills (thankfully had insurance or I'd still be paying them)
Car repairs
And our apartment flooded and destroyed a bunch of our furniture, and renters insurance didn't cover it and the apartment complex wouldn't reimburse us either so we had to go buy a bunch of new shit.

Shit still comes up because life is a bitch so I don't have 3-6 months saved yet, but I've started to treat $1000 as if it were $0.

Also had about 10k in credit card debt at the time. All maxed out. So it was an awful couple of weeks having literally nothing and freaking out about what the fuck we'd do if something came up.

Just a little bit of credit card debt now that's at 0% interest for another year and a half so I'm not worried about that, and about $1500 in savings. Even that makes me anxious as hell even though I know I'm better off than pretty much everyone I know.
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i've got about ~700$ in savings that i intend to save for a down payment on a car (i'll save significantly more once summer starts, since i'm getting my EKG certification then)
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Not counting retirement I have about 96k in the bank. It will be over 100k when profit sharing comes in next month.
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littlebro07 posted...

Pepys Monster posted...

$30,000, and I imagine most of this board has more.

Considering half of the US falls under the first two voting options, I don't think most people here have tens of thousands set aside.

This website does not meet the average demographics of the United States.
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$60,000
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