(Closed) Money, Money

posted 5 years ago in 20 Something
Post # 3
Member
781 posts
Busy bee
  • Wedding: September 2013

I pretty much just emptied my bank account by paying for my dress as well as both the venue deposit and photographer deposit all around the same time. I’m 22 and only make 9.50 an hour at a deli. In my checking I have $$1,005.76 and in my savings i only have $655.12. Dang, I used to have so much more. How depressing lol.

Post # 4
Member
1360 posts
Bumble bee

I’m 21 and have 3000… slowly saving up for the wedding in two years!

Post # 5
Member
169 posts
Blushing bee
  • Wedding: February 2014

Im 23 and I have $15000NZD

Ive been saving since I came back from a trip to Europe in June 2011 but I wasnt engaged then, I live at home with no board so its not hard to save

Post # 6
Member
469 posts
Helper bee
  • Wedding: December 2013

@RoseyBee:  I’m 21 (will be 22 when we get married).  FI and I have saved $2000 so far plus personal savings for unexpected expenses.

Post # 7
Member
4036 posts
Honey bee

@RoseyBee:   I am 24 years old and have the following saved up:

  • High interest savings account: $16,250
  • Regular savings account: $275 (for easy access)
  • Retirement Savings & PERA: $9,500

So about $26,500 total. Part is for an emergency account, part is for a house down payment and then obviously retirement. My FI has not been able to contribute to savings because of student loans/being in grad school, so it has taken me about 2 1/2 years working full time to get to this amount. It’s not a ton, but I am proud of it!

ETA: About $2,000 of this will go towards the wedding (of our $7,000 budget). The rest we are paying off as the bill arrives. Our goal was to not touch much of our savings on the wedding and not accrue debt. We will have wait 10 years to get married, so that made it a little easier ๐Ÿ™‚

Post # 8
Member
1218 posts
Bumble bee
  • Wedding: July 2013

I’m 24 years old and have $1700 in my savings account. That’s absolutely it. Some of that is going on wedding expenses, but we have a separate loan for that.

I’m studying full time, so basically all my earnings go on rent and expenses. FI works full time and studies part time, but his job doesn’t pay much. Fortunately, this is the final year of my degree and I’ll be starting work as a primary school teacher in 2014, which should help our financial situation considerably!

Post # 9
Member
57 posts
Worker bee

Im 23 years old and know the engagement is only a couple months away. We’ve gone shopping and picked out a few so I know it’s coming. ๐Ÿ™‚ We are planning on having the wedding early fall 2014 and I have about 2,000 saved. I know that I have savings bonds I think are about 2,000 now. Otherwise I’m the only one who is saving now as my guy is buying the ring soon. We will not be taking out any loans for our wedding as we are both in school and have loans up the wazoo already!

Post # 10
Member
357 posts
Helper bee
  • Wedding: October 2005

I’m 31 and have nothing in savings, *but* I have an $82,000 home equity line of credit which I used to buy a $14k car in August and have been putting every paycheck on so that it will be paid off next month – important point since I could have money in savings, but have chosen to pay on the car instead.  Net worth is more like $210k, but it’s all tied up in our home and 3 rental properties.

Post # 11
Member
86 posts
Worker bee
  • Wedding: July 2014

i am 21 and me and my FI have saved up 5000 so far. hopefully we can reach 15K by the end of the year.

Post # 12
Member
54 posts
Worker bee
  • Wedding: August 2014

I’m 24, and I have 45k saved up for retirement and 37k in savings. Trying to afford a down payment in the NYC area. SO probably has comparable savings, less in retirement.

Post # 13
Member
3053 posts
Sugar bee
  • Wedding: February 2015

@trycatchblock:  can I ask what you do for a living? just curious really! if that’s rude I’m so sorry, feel free to not answer! =) I’m 23 and I’m a huge saver but now that I’ve become a full time student, I have nothing to save =( lol

Post # 14
Hostess
8580 posts
Bumble Beekeeper
  • Wedding: October 2014

I’m 24. Fiance is 22.

We only have about $2000 emergency fund saved up, and that’s really about it. However, we are about $5,000 into wedding planning. We also just paid off both of our cars that were on payments. I feel like we are right about where we should be, considering fi’s age. I was however, a little bit stunted due to my past relationship. I put my ex through college and I’m STILL paying for it, but he bettered himself [and graduated], so that’s all that really matters.

We are currently living in a rental house. The plan is to pay for the wedding by the end of this year, spend all next year saving most of our money, and get into our own house just before or after the wedding.

EDIT : It’s very difficult to compare savings when you’re from differant parts of the city. People from california or new york will probably need more in savings for a more expensive house/wedding, where as we live in a small town with a population of 900. The need for money isn’t as great for here.. as we can get a beautiful 4 bedroom house for 60k [for example].

Post # 15
Member
54 posts
Worker bee
  • Wedding: August 2014

@soontobemrsm11:  No problem! I’m a software engineer, but I’ve been saving up for retirement since I was 19, so that number is a bit misleading ๐Ÿ™‚

Post # 16
Member
4036 posts
Honey bee

@jenilynevette:  That is so true. A little while back I posted a city-to-city comparison calculator and it showed what your salary would be like if you lived in certain cities. People in more expensive cities often make more, but it doesn’t always go as far. So it is hard to compare at times. 

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