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Do you have money saved?

Do you save money?

  • I save money

    Votes: 55 80.9%
  • I don't save money

    Votes: 13 19.1%

  • Total voters
    68
I don't save money (other then my investments)...I make it and spend it.

If I need more for a rainy day? It's called available credit.
 
I'll start saving money when I am out of student loan debt. Every extra dollar goes to getting out of that hole.

Well technically I have some precious metals, but they're not for a rainy day nor do I consider them savings.
 
All the saving I had is gone. Courts and lawyers. Crazy bitch of an ex-wife trying to screw me over and relocate with our children. Sucks.
 
We have 6 months of my husband's income in Money Market for liquid savings. We both have 401Ks, we each get an IRA CD every year for whatever was/is the contribution limits. Have some money set aside for college for the kids but the oldest 2 should get hockey scholarships (as my husband did) and the youngest we're hoping for academic scholarships. Both us are working at jobs that give us pensions. Our house is now 17 years old, and we have about 5 years of a 15 year mortgage left (we refinanced when the rates went down and we shaved 15 years off the term). We have a ton of equity in the house and it alone is worth a good amount. We don't have much other debt, we do have loans on the vehicles.

We should be fine but anything can happen. By the way, as we get older we are less "risky" in our 401K investment portfolios, ensuring that there is less of a chance that the funds will vaporize before we ever get to see them.
 
I don't make enough to save anything much. A few hundred perhaps.

Vast majority of my income goes to student loan payments, my car expenses (payments, insurance), and housing expenses.
 
I got a little saved away. Not a lot, but a little. Plan on starting actively saving more and more once I get through one year at my job.
 
Same here, but I became an adult approximately two months ago. How old are you?

35. I've been living like this for the past seven years because ****ing Social Security won't admit that I'm disabled.
 
I recently attended college, aka no.
 
Yes, I have a couple years of rainy day funds saved up. Retirement's another matter, and I'm saving money far too slowly for that. It's a little concerning.

Maybe take one of those years worth of rainy day funds and put it towards retirement?
 
I'll start saving money when I am out of student loan debt. Every extra dollar goes to getting out of that hole.

Been there, done that. It feels SOOOO good when it's gone.
 
I have some stocks that can be cashed in in a matter of 4 business days and wired into my account; I have close to 60% equity in my house (thanks to a fantastic deal on a foreclosed property even as far as foreclosed property goes); I get an annuity check every month that covers the mortgage; and two rent checks every month that covers most of the other household recurrent expenses like utilities/telephone/internet. I do have a saving account with about $1K in it and I pool money into my business accounts until the end of the year because my income is rather seasonal with those. I do not subscribe to the philosophy that people should have a lot of cash on hand though because that is wasted money given today's interest environment. Money should be invested, not saved, unless you want to be a wage slave all your life.

Absolutely.

Every penny of my "savings" is invested in one way or another. Either in my home, or my commercial property, or my business, and just a tad in the stock market.

My business is also season, I basically starve for income during the winter, but I have enough revolving credit that I live on credit until spring, at which time I start to repay my revolving credit accounts.
 
I save money all school year for the summer (when I don't get a paycheck from the school district). I'm the nerd who has spreadsheets set up for repaying debt and saving money. I'm also a planner, so I have my financial life planned a year in advance, including an emergency fund just in case.
 
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I save money all school year for the summer (when I don't get a paycheck from the school district). I'm the "nerd" who has spreadsheets set up for repaying debt and saving money. I'm also a planner, so I have my financial life planned a year in advance, including an emergency fund just in case.

Does your school system not have the option of spreading your pay over 12 months? Ours does. When I point that out to teachers who complain about not getting paid in summer they act put upon because that would mean they would get paid less during the months they are working. With them, there is no acceptable response other than "teachers are such victims" despite their starting pay with a bachelor's being about $10K higher than the local median wage to begin with.
 
Does your school system not have the option of spreading your pay over 12 months? Ours does. When I point that out to teachers who complain about not getting paid in summer they act put upon because that would mean they would get paid less during the months they are working. With them, there is no acceptable response other than "teachers are such victims" despite their starting pay with a bachelor's being about $10K higher than the local median wage to begin with.

Yes, we do. I choose to get paid for 9 months instead of 12.
 
Yes, we do. I choose to get paid for 9 months instead of 12.

Then part of your spreadsheet nerd decision-making should be that by choosing to get paid over 9 months instead of 12 likely leads to more money being deducted from your paycheck and sent to uncle sam to borrow interest free.
 
Maybe take one of those years worth of rainy day funds and put it towards retirement?

Yyyyeah, there is that. It's a mentality I'm fighting and I know is not helping me: artists have an incredibly inconsistent income, and just getting rid of one of those years of rainy day income, regardless of how logical it is from an outside perspective, is really really emotionally hard to do.
 
It was a joke dude. :)

so was my response....
But it does happen. Old widower across the street, 90 years old, and his kids rarely visit him. All live fairly close, so that isn't the reason.
The old guy has a live in girl friend, in her early 80's. Hmmm, wonder what might happen there?
 
I have savings.

Not in dollars. Dollars have become a risky savings device; risky since the DemocRats are pumping trillions in printed-up dollars into the system to inflate the currency and devalue what money is legitimately out there.

My savings are in something else. I could live for about ten years on it...I'm not overly worried. I've taken care of myself as best I can; the rest is out of my hands.
 
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