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Started By
Message
How much savings do you have?
Posted on 8/29/25 at 3:07 pm
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 on 8/29/25 at 3:08 pm to muttenstein
3 months easy access savings, excess goes to taxable brokerage account
Posted on 8/29/25 at 3:09 pm to muttenstein
Too damn much, double bathroom Reno in the next couple of months. At least it’s in a HYSA
Posted on 8/29/25 at 3:09 pm to muttenstein
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 on 8/29/25 at 3:09 pm to muttenstein
No thank you Mr. IRS man
Posted on 8/29/25 at 3:09 pm to tigger4ever
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 on 8/29/25 at 3:10 pm to muttenstein
A lot of "how much money do you have" threads lately.
tOT is healing.
tOT is healing.
Posted on 8/29/25 at 3:10 pm to muttenstein
What are we talking? High yield savings, individual investment accounts, 401k, checking or other (like an acorns)?
Anyway, bout tree fiddy
Anyway, bout tree fiddy
Posted on 8/29/25 at 3:10 pm to muttenstein
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 on 8/29/25 at 3:11 pm to muttenstein
4 Mason jars buried in the back yard.
Posted on 8/29/25 at 3:15 pm to muttenstein
Define savings. Money in savings account or brokerage accounts as well? Either way, you will not get real answers on the OT.
Posted on 8/29/25 at 3:15 pm to Master of Sinanju
Ha yeah just like breaking bad. Except a little more $$$$
Posted on 8/29/25 at 3:17 pm to muttenstein
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 on 8/29/25 at 3:17 pm to muttenstein
Lot of honesty will be shown here.
Posted on 8/29/25 at 3:18 pm to muttenstein
To clarify: money in hand at a moments notice/
Posted on 8/29/25 at 3:18 pm to Rize
quote:
I had one of those sweet 2.7% interest rates
Yikes
Posted on 8/29/25 at 3:20 pm to muttenstein
6 months of normal monthly spending.
Posted on 8/29/25 at 3:21 pm to LemmyLives
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 on 8/29/25 at 3:21 pm to muttenstein
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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