How much do you have in savings? Ages 25-35 Only Please :D

posted 6 years ago in The Lounge
  • poll: I have ____ in savings. (liquid assets only) Combined income only if your finances are combined.
    $0-1,000 : (126 votes)
    18 %
    $1,000-5,000 : (119 votes)
    17 %
    $5,000-20,000 : (180 votes)
    26 %
    $20,000-40,000 : (103 votes)
    15 %
    $40,000-60,000 : (40 votes)
    6 %
    $60,000-80,000 : (24 votes)
    4 %
    $80,000-100,000 : (20 votes)
    3 %
    $100,000+ : (72 votes)
    11 %
  • Post # 3
    18645 posts
    Honey Beekeeper
    • Wedding: June 2009

    We are in the highest category ($100k+).  We invest basically my entire paycheck in our retirements plus additional savings every time my husband gets a paycheck.

    In an effort for full disclosure, I have had a couple inheritances and insurance proceeds but most of that money was used for purchasing our homes.  It did free up money so we didn’t have to save for downpayments though.

    Post # 4
    9824 posts
    Buzzing Beekeeper

    We try to maintain access to around $1,000 cash at all times, but some months are more realistic than others. Darling Husband is the only one who works in our family so while everything gets paid, the savings isn’t huge! Our living costs are extremely low though because we operate on cash, not credit/loans.

    We’ve had a couple things happen (car broke, and of course the new baby needed all new stuff) that cleaned out our savings, but it’s since been restored.

    Let’s just say, DD’s savings which we don’t touch, is much bigger than ours haha!

    Post # 5
    7904 posts
    Bumble Beekeeper
    • Wedding: March 2012 - Pelican Grand Beach Resort

    Um, I’m 28, Darling Husband 32, and our savings are empty. But, then again, he’s just started his career, and I still have about 6 months on my PhD to go. We’re in Florida.

    Post # 6
    7587 posts
    Bumble Beekeeper
    • Wedding: December 2010

    We’re 30 and 31. We have quite a bit in savings and I have been obsessed with contributing to my 401k since I was really young. We also own some assets out right. 

    Post # 8
    574 posts
    Busy bee
    • Wedding: January 2011

    I am only a few days shy of 25, so I still voted. 😉  

    We have just over 5k in savings.  We’ve saved that in 1 year, plus contributing to retirement accounts, and considering we both worked part time for nearly half that year, I am pretty happy with that.  

    Our savings should be closer to the 100k mark by 30, though.  We use my income towards paying our student loans off quicker, plus investing in savings. Darling Husband should get a sizable reenlistment bonus in about 2 years as well.

    Post # 8
    3226 posts
    Sugar bee
    • Wedding: October 2010

    In just regular bank savings…about 11k 

    We need to get on track!

    Post # 8
    4803 posts
    Honey bee
    • Wedding: September 2011

    We live fairly close to Toledo, Ohio (I’m from Detroit so that’s where I’ve left my location on WB) – technically I’m not in your age bracket, I’ll be 24 in a few weeks, but Darling Husband is 28. We have about 20k in stocks, 50k in retirement, and 12k in our bank account.

    Post # 9
    3978 posts
    Honey bee
    • Wedding: May 2011

    wow, 5000-20000 is a huge gap. I have about $7k. In my dreams I have $20k.

    Post # 10
    2233 posts
    Buzzing bee
    • Wedding: September 2012

    I just realized that I voted wrong but whatever. I don’t even count our RRSPs as savings, I won’t see them for another 40 or so years. I have a bit of a cushion but nothing substantial since all of our money is going towards the wedding and then a house. 

    Post # 11
    9056 posts
    Buzzing Beekeeper
    • Wedding: June 2010

    I voted 1000-5000 because that’s the cash we have on hand for an emergency that’s easily accessible. In reality I suppose we have an additional 60,000 in retirement savings and we have also done additional 80,000 in what’s referred to as a mortgage cash account, but we intend to leave that there to pay down the mortgage faster. 

    We had more in the travel savings account but we decimated that last year with our dream Europe trip and attending a dw in Maui. 

    Post # 12
    870 posts
    Busy bee
    • Wedding: September 2012

    Individually? Or as a couple? And do you want 401ks, etc. or just liquid cash?

    Post # 13
    1497 posts
    Bumble bee
    • Wedding: June 2013

    We are 30/31 and have over 100,000. And I’m proud to say we did this on teachers’ salaries!

    We taught in Asia for a long time, where it’s really easy to save.

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