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Old 03-18-2014, 07:38 PM   #1
BrooklynZoo
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Default How much do you have saved up?

Obviously there's a lot of variables like whether you own a house, expensive car, how old you are, etc. But how much do you have saved up?

I have about 30k... I owe about half of that on my car loan


Edit: Add your age (or age range) as well

Last edited by BrooklynZoo : 03-18-2014 at 10:54 PM.
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Old 03-18-2014, 07:47 PM   #2
Akrazotile
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Default Re: How much do you have saved up?

Not as much as I should, which is my fault. I only started making it a priority recently.

Fortunately it's not that hard to save if you actually cut out the things that really aren't necessary.
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Old 03-18-2014, 08:01 PM   #3
Bandito
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Default Re: How much do you have saved up?

Like 3 thou but at the end of the month is goong to be like maybe 21 hundred.
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Old 03-18-2014, 08:24 PM   #4
MightyWhitey
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Default Re: How much do you have saved up?

1 years salary.
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Old 03-18-2014, 08:25 PM   #5
MightyWhitey
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Default Re: How much do you have saved up?

Quote:
Originally Posted by BrooklynZoo
Obviously there's a lot of variables like whether you own a house, expensive car, how old you are, etc. But how much do you have saved up?

I have about 30k... I owe about half of that on my car loan
Why don't you pay off the loan then? Why keep debt when you don't have too?
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Old 03-18-2014, 08:28 PM   #6
MavsSuperFan
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Default Re: How much do you have saved up?

Are you talking total net worth, or just liquid assets?
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Old 03-18-2014, 08:43 PM   #7
Stuckey
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Default Re: How much do you have saved up?

I own two condos

and I owe every penny I have saved towards paying off their mortgages

does that count?
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Old 03-18-2014, 08:45 PM   #8
PHX_Phan
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Default Re: How much do you have saved up?

Quote:
Originally Posted by BrooklynZoo
Obviously there's a lot of variables like whether you own a house, expensive car, how old you are, etc. But how much do you have saved up?

I have about 30k... I owe about half of that on my car loan

What's the point of saving so much money when you have an outstanding debt? Especially when you have twice the amount of the debt saved up.

I don't have much saved up, but mainly because I did the opposite of that. Blew through a large chunk of money eliminating a bunch of debts and paid things like insurance/rent months in advanced. Much more satisfying seeing how much money I make when a large portion of it isn't going to bills every month.
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Old 03-18-2014, 09:09 PM   #9
ALBballer
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Default Re: How much do you have saved up?

Not as much because I finished paying off my place off and paying for my post-graduate degree. But for someone in my age group (mid 20s) I am definitely an outlier.
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Old 03-18-2014, 09:15 PM   #10
BrooklynZoo
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Default Re: How much do you have saved up?

Quote:
Originally Posted by Stuckey
I own two condos

and I owe every penny I have saved towards paying off their mortgages

does that count?

Yes it does

Quote:
Originally Posted by MightyWhitey
Why don't you pay off the loan then? Why keep debt when you don't have too?

Good question. The loan is about 5 months old and I have paid more than the minimums each month (I owe about $500/month, paid $1000+/month). I can pay it all off now, but I was also told that though my credit is strong, I don't have a history of carrying major debt and that this would help (anyone know about this?). Another reason I was hesitant to pay it all off is cause my savings are in an online account and I tried to avoid touching it as I have a hard time saving any of the money in my checking account (paychecks, etc). But yeah, I should probably consider paying it all off.
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Old 03-18-2014, 09:17 PM   #11
BrooklynZoo
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Default Re: How much do you have saved up?

Quote:
Originally Posted by MavsSuperFan
Are you talking total net worth, or just liquid assets?

liquid

Quote:
Originally Posted by ALBballer
Not as much because I finished paying off my place off and paying for my post-graduate degree. But for someone in my age group (mid 20s) I am definitely an outlier.


bought a place? if so, definitely good for mid-20s

Last edited by BrooklynZoo : 03-18-2014 at 09:20 PM.
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Old 03-18-2014, 09:19 PM   #12
tgan3
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Default Re: How much do you have saved up?

Probably 7k or so in liquid assets...ya im poor but my family has three properties so at least im not doing that bad...
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Old 03-18-2014, 09:20 PM   #13
outbreak
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Default Re: How much do you have saved up?

I have about 60k in the bank, but I also owe about double that on my mortgage
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Old 03-18-2014, 09:38 PM   #14
fsvr54
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Default Re: How much do you have saved up?



I hate you guys

I have like 3k saved up, pretty much 99% of my income goes to barely surviving.
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Old 03-18-2014, 09:39 PM   #15
DCL
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Default Re: How much do you have saved up?

this survey is meaningless without details like age, job, level of schooling (and who paid for it), and number of dependents.

some of you high school dropouts may even have more than very recent med school grads (if they paid for their own shit).

but i was very surprised to learn that more than one-third of working american adults don't even have $1,000 in savings. 36% of people don't even got ONE THOUSAND DOLLARS. you kidding me?? those are Third World economic figures.

http://www.usatoday.com/story/money/...vings/6432241/

(i don't read USA TODAY, and neither should you, so those stats may or may not be bullshit. but even if they're off by 16%, it's still a strikingly high number.)
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