(Closed) How much money do you have in savings?

posted 7 years ago in Money
  • poll: How much money do and your SO you have in savings? (In USD)

    We are in debt 10k or more

    We are in debt less than 10K

    We don't have any savings or debt.

    $1-$5,000

    $5,000-$10,000

    $10,000-20,000

    $20,000 - $50,000

    $50,000-$100,000

    $100,000 and above

  • Post # 62
    Member
    569 posts
    Busy bee
    • Wedding: November 2013

    not enough to buy a house :(((((((((((((((((((((((

    Post # 63
    Member
    6112 posts
    Bee Keeper
    • Wedding: August 2012

    View original reply
    @kay01:  Ah I see!  That is a nice gift!  We are approaching $700k in net worth, and on track to early retirement, but I think my upbringing (alcoholic father) always makes me feel like I’m waiting for the “other shoe to drop.”  In fact, I read about it in a book about Adult Children of Alcoholics.  It’s one of thsoe things that’s hard to shake.  So maybe like your H, I look at that value and don’t think it’s enough when in fact it’s probably just fine.

    Post # 64
    Member
    199 posts
    Blushing bee
    • Wedding: June 2013

    …Are other poor bees just not commenting on this?  holy crap you Bees have a lot of savings, and great-paying jobs.  I’m jealous 🙂

    Post # 65
    Member
    1344 posts
    Bumble bee
    • Wedding: October 2013 - Vine Street Church

    We have about $6000 in savings. We still owe $11k on my car and $100k on the house, but otherwise, we do not have any other debt (no student debt, no consumer debt).

    Post # 66
    Member
    3051 posts
    Sugar bee
    • Wedding: February 2015

    View original reply
    @bridinmt:  probably not. It’s kind of a brag thread IMO…at least I was excited I got to brag =P I think most of my friends that are around my age are fairly broke. I don’t get to brag to anyone IRL so I get to do it here haha!

    Post # 67
    Member
    3459 posts
    Sugar bee
    • Wedding: May 2012

    View original reply
    @sienna76:  Yes that’s it exactly – DH is always waiting for the other shoe to drop!  He thinks he’s a realist, I think he’s a pessimist.  I chalk it up a lot to his mom having a tough go of it raising the kids alone.  She left her husband when he started to hit the kids (rather than just her…) and apparently got very unlucky in the settlement.  She worked several part-time & at-home jobs to juggle being home with the kids – and then got breast cancer when the oldest was in college.  So DH worries about what will happen in life, plus DH really wants to retire early and is very very pessimistic about whether social security will be available, how much health care will cost in old age, etc.  Meanwhile, it’s not that I don’t think saving is important (I coupon, deal hunt, buy clothes on sale/clearance, don’t spend all that much on myself etc), but I feel more confident if anything really bad would happen I could rely on my family for help and think the world in 30 years won’t be so bad.  Anyhow, like you, we debate with the house we are looking to buy if we should pay off more of the mortgage than needed.  From what we’ve read, it seems that over time if you invest the money (in dividend paying stocks in particular DH favors), particularly considering the low rates now, you’ll do much better financially, even considering the mortgage deduction.  So it’s an open question right now what we’ll do – rent out our current place (leaning to no because of the major hassle factor plus tying up all of that money in real estate is more than we are comfortable), sell it and pour it all into the mortgage, or sell it and put some to the mortgage (enough so the mortgage is $a417K or less for the best rate).  DH does like the security of financial freedom from the bank though.

    Post # 68
    Member
    2947 posts
    Sugar bee
    • Wedding: February 1998

    View original reply
    @bridinmt:  I’m a poor bee because I have $0 in savings :((((((

    The topic ‘How much money do you have in savings?’ is closed to new replies.

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