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How much savings do you have?

Posted on 8/29/25 at 3:07 pm
Posted by muttenstein
Member since Oct 2012
2980 posts
Posted on 8/29/25 at 3:07 pm
Conventional thought is 3-6 month’s worth. I’ve got 3 months covered but after that I am fonked.
Posted by ell_13
Member since Apr 2013
87158 posts
Posted on 8/29/25 at 3:08 pm to
$350
Posted by LoneStar23
USA
Member since Aug 2019
5780 posts
Posted on 8/29/25 at 3:08 pm to
3 months easy access savings, excess goes to taxable brokerage account
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
35658 posts
Posted on 8/29/25 at 3:09 pm to
Too damn much, double bathroom Reno in the next couple of months. At least it’s in a HYSA
Posted by tigger4ever
Member since Apr 2021
1312 posts
Posted on 8/29/25 at 3:09 pm to
Several hundred thousands. Every raise I got in my life I put it in a Roth. Retired at what I was making 35 years ago. Of course, spouse made enough to cover what we needed to live a comfortable life.
Posted by cypresstiger
The South
Member since Aug 2008
13268 posts
Posted on 8/29/25 at 3:09 pm to
No thank you Mr. IRS man
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
35658 posts
Posted on 8/29/25 at 3:09 pm to
quote:

Every raise I got in my life I put it in a Roth.


If you can contribute to a traditional Roth, you’re poor
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
39992 posts
Posted on 8/29/25 at 3:10 pm to
A lot of "how much money do you have" threads lately.


tOT is healing.
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15742 posts
Posted on 8/29/25 at 3:10 pm to
What are we talking? High yield savings, individual investment accounts, 401k, checking or other (like an acorns)?

Anyway, bout tree fiddy
Posted by LemmyLives
Texas
Member since Mar 2019
12728 posts
Posted on 8/29/25 at 3:10 pm to
It's better than most. Recognize that your spending is probably going to get cut pretty significantly if you find yourself unemployed. You'll also apply for unemployment during that time. Pay attention to your employer beyond your job. You'll probably feel it coming weeks before it happens.
Posted by Master of Sinanju
Member since Feb 2012
11847 posts
Posted on 8/29/25 at 3:11 pm to
4 Mason jars buried in the back yard.
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
12282 posts
Posted on 8/29/25 at 3:15 pm to
Define savings. Money in savings account or brokerage accounts as well? Either way, you will not get real answers on the OT.
Posted by dandan
Member since Nov 2007
4922 posts
Posted on 8/29/25 at 3:15 pm to
Ha yeah just like breaking bad. Except a little more $$$$
Posted by Rize
Spring Texas
Member since Sep 2011
18532 posts
Posted on 8/29/25 at 3:17 pm to
I was keeping a couple years worth when I lived in BR because I had one of those sweet 2.7% interest rates but with lifestyle creep and new interest rates I’ve got about 6 months. I’ve also been investing more this year instead of letting it build in my HYSA.
Posted by wmtiger69
west monroe
Member since Nov 2007
959 posts
Posted on 8/29/25 at 3:17 pm to
Lot of honesty will be shown here.
Posted by muttenstein
Member since Oct 2012
2980 posts
Posted on 8/29/25 at 3:18 pm to
To clarify: money in hand at a moments notice/
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
35658 posts
Posted on 8/29/25 at 3:18 pm to
quote:

I had one of those sweet 2.7% interest rates


Yikes
Posted by Dawgfanman
Member since Jun 2015
25622 posts
Posted on 8/29/25 at 3:20 pm to
6 months of normal monthly spending.
Posted by Thebuzz
Member since Sep 2021
107 posts
Posted on 8/29/25 at 3:21 pm to
I’m retired, so 15% of liquid assets is in cash, savings account and CD’s. CD interest helps with passive income and pay quarterly estimated taxes. It also allows me to not touch market investments until required at RMD age. All dividends are reinvested to hedge inflation. It certainly helps that I had a defined benefit pension plan annuity and maxed out Social Security.
Posted by SLCGumpFB25
SLC
Member since Jun 2025
991 posts
Posted on 8/29/25 at 3:21 pm to
50k in savings account, 10k each in two float accounts, although they are not there now. 10k in cash. Rest goes to investment account.
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