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re: What's a "normal" amount of money for a late 20s person to have in savings?
Posted on 7/27/13 at 9:34 am to wegotdatwood
Posted on 7/27/13 at 9:34 am to wegotdatwood
We have 7k in an actual savings. Our roth iras are liquid enough in an emergency greater than that amount. With 21k limit on our credit cards, we can use them immediately, then pay off the balance at the end of the month with whatever we need to withdraw from the roths.
Posted on 7/27/13 at 11:56 am to ell_13
quote:
With 21k limit on our credit cards, we can use them immediately, then pay off the balance at the end of the month with whatever we need to withdraw from the roths.
This is the correct answer.
I have no idea why people use savings accounts anymore. There isn't anything they do that you can't do better some other way.
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