MemberI saw a few posts about how much debt you’re in and I thought it would be interesting to know how old you are and how much money you have saved?(wedding related or not)?
I’m 25, I currently have about $40k saved in savings (and will hopefully remain untouched), and $10k in 401k (just starting out).
MemberI have about $80,000 saved for retirement, and about $70,000 in non-retirement savings. A 20% down payment in the Bay Area where we live is over $100,000, so we still have a long way to go before we can buy a house :-(. (i’m 28)
MemberI’m just starting out, still in grad school. Money is tight right now, but have almost $6k saved for emergencies. Once I graduate and start working, I will build savings for retirement and a home.
MemberJust 15k in our savings account, we each have 35k in our 401ks.
MemberI have 100 dollars. LOL!! We are terrible savers, but we’re trying to remedy that now. I am envious of your large savings!
MemberUm… about $75-80k, I believe. We have about $5k in our regular savings account after depleting it in our overseas move(We deposit $500/month into the account) and the rest in CDs and other savings back in the states. Darling Husband is due to come into ~$100k more as part of his inheritance from his dad.
We’re 24. We plan to do some extensive renovations to the house that Darling Husband inherited from his dad and then just keep the rest of it as retirement savings.
MemberWe have a little over $10k right now, and it should be about $20k by the end of the year. I *just* turned 24 and he’ll be 24 in August. Neither of us have “real” jobs yet due to the economy and crap. We’re doing better than a lot of people we know, so at least we have that going for us? Also, we’re hoping to elope and receive large-ish cash gifts from our parents in lieu of throwing us a wedding, so it’s not like the $20k is just going to get dumped into a wedding.
MemberWe have quite a bit combined. We’re very lucky that we have enough for a down payment in NYC at 23.
MemberI’m 20, and I have about 20k, but about half will be going to student loans. There’s supposedly another 10k in bonds that my grandmother has for me, but I haven’t seen them so I’m not counting on them.
MemberWe’re 24/25 and have about $85k combined in savings and retirement. Maybe $5k of current savings will be used towards the wedding, but the remaining funds for the wedding will be saved through the engagement.
MemberI used to have more before I bought my house… I now have a mortgage, outstanding student loan, overdraft… and a grand total of 2 pence in my savings! That said, I do have 3K in my joint account, which Fiance and I use to pay the bills/pay for emergencies (about 4.5K USD). I need to pay for some house improvements soon though (new fire partitions in the loft, extractor fan in the bathroom to prevent damp) so that will soon go… sigh…
Oh, and I am 28.
MemberI’m 18 until Monday and I have 21,000 in savings that i’ll use for a down payment on a house once it’s a little more. Where I live that’s a big downpayment so i’m pretty content for now. Fiance (22) has about 3,000 saved that we’re going to put down on another car eventually.
MemberHaving read some of these posts… HOW HOW HOW do you guys have so much money at such a young age? I mean, I have a bunch of degrees, I’m not extravagent in any way, I rarely go on non-work holidays, and I shop for clothes maybe twice a year. This is the first time in my life I’ve worked less than 2/3 jobs at any one time… I have zero retirement fund and zero savings… I live pretty much hand to mouth… seriously guys, what’s your secret?
*waits in delighted anticipation* 🙂
Member@Rachel631: My job had amazing matching for my 401k (they put in 8% of my income, I put in 12%). I also lived in a 1-bedroom apartment with my husband, we didn’t own a car (our jobs paid for out subway+bus pass), we ate in all the time and didn’t go shopping very often. We were lucky enough to live in a city where there’s a lot of free stuff to do. We also make really good money – we live way, way (way way) below our means. We are at the end of an 8-month trip backpacking around Asia + New Zealand, and that took about $25000. We still have the amount I quoted at the top of the thread left.
Member@Rachel631: Do you have a house? I was able to save some money during school (I’m still at student at 28), but once I buy a house almost all of that will be gone!