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re: How much money did you have in your bank account at 24?

Posted on 10/30/20 at 9:02 pm to
Posted by lynxcat
Member since Jan 2008
25196 posts
Posted on 10/30/20 at 9:02 pm to
I think I had 10-15K at that time. Saving is tough right out of school and honestly isn’t that important. You are young - enjoy yourself and go explore the world.
This post was edited on 10/30/20 at 9:03 pm
Posted by Jon A thon
Member since May 2019
2532 posts
Posted on 10/30/20 at 10:38 pm to
Probably same as I have now, haha. I had just graduated in engineering and the first 1.5 years I was traveling and training, so didn't have a place of my own. Signing bonuses for work and an insurance settlement from being hit by a car all came in. A lot worked out to make buying my first home and engagement ring very easy.
Posted by WM88
Rayvegas
Member since Aug 2004
2039 posts
Posted on 11/5/20 at 9:47 pm to
Pretty close to 0. Graduated college at 22 and got married.
Posted by TnMountaineer
Minglewood
Member since Aug 2018
3490 posts
Posted on 11/5/20 at 10:59 pm to
Probably 500. I was living on the beach, working retail, and finishing grad school.

Those were the days.
Posted by tsmi136
Baton Rouge
Member since Feb 2011
4071 posts
Posted on 11/6/20 at 1:39 am to
When I got married, I had around $7k at 23. My wife's parents saved for her and she carried like $50k. Then we moved out of the US when I was 24 and sold all our cars, possessions, etc. and had probably $70-80k.
Posted by Anfield Road
Home of the Blue Turf
Member since May 2012
1948 posts
Posted on 11/7/20 at 6:56 am to
Not sure about bank accounts but had around 50k in assets at age 24.5. I actually finished college in the black due to paid internships/co-operative education rotations and scholarships. At that point in my life, I was making a decent salary but still living like a college student.
Posted by meansonny
ATL
Member since Sep 2012
26821 posts
Posted on 11/7/20 at 7:05 am to
24?

Maybe 8k to 10k.

I graduated early after 3 years. Took about 3 years to payoff student loans. Financed a car with a decent downpayment. Bought an engagement ring.
Had money for a small downpayment on a home. Worked 2 jobs to get comfortable.

If you ask about 20-21 years old (just out of college) it was probably 1k to 3k.
Posted by Decisions
Member since Mar 2015
1639 posts
Posted on 11/7/20 at 8:33 am to
Probably 30-40k.

I was able to get out of college with no debt, single, and lived back home with my parents while saving for a house down payment, though.
Posted by go ta hell ole miss
Member since Jan 2007
14682 posts
Posted on 11/7/20 at 11:59 am to
I had less than $700 in my checking account at 24. Probably less than $200.
Posted by p0845330
Member since Aug 2013
6071 posts
Posted on 11/7/20 at 10:25 pm to
700-900
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7800 posts
Posted on 11/9/20 at 5:45 am to
Honestly to me cash is overrated. What was always important to me was access to cash. At $24 I probably had only a few hundred dollars but had non qualified investments and lines of credit. I still believe in this concept today.
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