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Started By
Message
re: How much money should you have in the bank by age 30.
Posted on 9/21/17 at 4:12 pm to GermantownTiger
Posted on 9/21/17 at 4:12 pm to GermantownTiger
31
Checking no less than 6k in there a month.
Savings currently has 25k in it.
No CC debt.
Almost rid of the student loan.
Car Lease.
Saving for home.
Have 401k with ~23k in it.
And 7 grand worth of ETH
Checking no less than 6k in there a month.
Savings currently has 25k in it.
No CC debt.
Almost rid of the student loan.
Car Lease.
Saving for home.
Have 401k with ~23k in it.
And 7 grand worth of ETH
3
Posted on 9/21/17 at 4:13 pm to GermantownTiger
quote:
Not including 401k
My answer would be whatever amount to cover your monthly expenses. The rest should be invested or in an emergency fund
Posted on 9/21/17 at 4:14 pm to GermantownTiger
Posted on 9/21/17 at 4:14 pm to cas4t
quote:
And many was a strong choice of words.
I agree. Posted on 9/21/17 at 4:15 pm to 50_Tiger
4K in checking.
0 dollars anywhere else except for about 100k equity in the house I'm building. No debt.
I'll get my shite together in a few years.
0 dollars anywhere else except for about 100k equity in the house I'm building. No debt.
I'll get my shite together in a few years.
Posted on 9/21/17 at 4:23 pm to GermantownTiger
40k in my 401k
27 dollars in my savings account. I'm only 28 though so I still got time
27 dollars in my savings account. I'm only 28 though so I still got time
Posted on 9/21/17 at 4:26 pm to Riseupfromtherubble
Good shite on your 401k riseup
Idk what mine is between Roth and 401k but it's around that amount as well. Maybe 50-60k. I'm 29 and almost 30, though.
Idk what mine is between Roth and 401k but it's around that amount as well. Maybe 50-60k. I'm 29 and almost 30, though.
Posted on 9/21/17 at 4:26 pm to GermantownTiger
i guess i'd say 5-25k depending on when they started saving. some people have more liquid funds. depends on the person and how they handle their finances. my parents work in finance so their knowledge has helped and hurt. i don't like the uncertainty of financial security.
Posted on 9/21/17 at 4:38 pm to GermantownTiger
30 now. Savings 20k on the dot. When I go over that it gets invested 2-5k at a time. Bought a home last year and two years ago paid cash for my car new off the lot (Equinox, no baller)
The wife on the other hand might have tree fiddy because she is incapable of not spending money.
The wife on the other hand might have tree fiddy because she is incapable of not spending money.
Posted on 9/21/17 at 4:42 pm to GermantownTiger
I got married at 30. And probably kept a couple grand in the bank at the time. I spent it just about as fast as I made it.
Posted on 9/21/17 at 4:47 pm to Displaced
quote:
Automatic 6% + 100% match up to 6% So 12%
That's legit, you're right.
Slightly off topic, but when a plan has an automatic contribution, I wonder how much of that is essentially taken out of what they would otherwise pay you? Depending on what you did with it, getting 6% extra pay could be better than getting a 6% automatic contribution.
Posted on 9/21/17 at 4:55 pm to slackster
It used to be 75% up to 4.5% plus a pension, but they killed the pension and just upped theb401k contribution.
Posted on 9/21/17 at 4:58 pm to Displaced
quote:
It used to be 75% up to 4.5% plus a pension, but they killed the pension and just upped theb401k contribution.
Which shows how expensive a pension has become.
Posted on 9/21/17 at 5:01 pm to HeyHeyHogsAllTheWay
My one and a half year old has that.
Posted on 9/21/17 at 5:02 pm to GermantownTiger
$75,000 or so
Posted on 9/21/17 at 5:02 pm to 50_Tiger
quote:
And 7 grand worth of ETH
Niiiice
I'm sitting around 3k myself. Wish I had jumped in sooner. Of course that 3k is after I cashed out my initial investment so it's all gravy.
Posted on 9/21/17 at 5:33 pm to GermantownTiger
70% of Americans don't have $1000 of expendable cash, in case of an emergency ( Source), so if you have $2000 you're doing okay.
Posted on 9/21/17 at 5:36 pm to lsuwontonwrap
That's nice to hear. I've got $4000 worth of cash to spend if I need to but zero retirement for me. Wife is a teacher and is vested in our state retirement system.
Still trying to get my shite together and figure out what I can be when I grow up.
Still trying to get my shite together and figure out what I can be when I grow up.
Posted on 9/21/17 at 5:37 pm to GermantownTiger
350k
Courtesy of having an oilfield or plant job baw
Courtesy of having an oilfield or plant job baw
Posted on 9/21/17 at 5:39 pm to GermantownTiger
None, for god's sake. What a bunch of nerds around here.
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